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2023-12-31-accounts

CHURCH OF GOD (SEVENTH DAY) CROYDON TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST DECEMBER 2023

CHARITY REGISTRATION NO: 1165441

CHURCH OF GOD (SEVENTH DAY) CROYDON FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2023

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2-5
INDEPENDENT EXAMINERS REPORT 6
STATEMENT OF FINANCIAL ACTIVITIES 7
STATEMENT OF FINANCIAL POSITION 8
NOTES TO THE FINANCIAL STATEMENTS 9-12
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 13

1

CHURCH OF GOD (SEVENTH DAY) CROYDON LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2023

CHARITY REGISTRATION NUMBER:

1165441

REGISTERED OFFICE:

Church of God (Seventh Day) Derby Road West Croydon CR0 3SF

TRUSTEES:

Reuben E Harris (Pastor) Glenford Hill (Pastor) Loraine M Harrison Bevlyn E Campbell Marilyn Davis

BANKERS

Lloyds Bank Plc 25 Gresham Street London EC2V 7HN

INDEPENDENT EXAMINER Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ

2

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number : 1165441

Registered address

Church of God (Seventh Day) Derby Road West Croydon CR0 3SF

Trustees

Reuben E Harris (Pastor) Glenford Hill (Pastor) Loraine M Harrison Bevlyn E Campbell Marilyn Davis

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is a Charitable Incorporated Organisation (CIO) governed according to the Constitution dated 4th February 2016.

Recruitment and Appointment of New Trustees

Trustees are recruited by way of nomination by a member of the Board of Trustees (the 'Board') and the securing of a majority. Upon recruitment, the new trustees are inducted through the issuing of a trustee handbook, which includes the relevant Charity Commission material, the Church's governance, structure, management, strategy and key policies. Full criteria can be found in our governing document.

Church Management

The pastors, officers and church committee are responsible for the day-to-day management and control of the church and meets with the trustees on a quarterly basis. The church works with a number of partners who are supportive to its mission and works in conjunction with them to provide spiritual guidance and support to the community in which it operates. At present, the Church has two Pastors, five Deacons, one Missionary and seven Church Committee members.

Risk Management

The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.

3

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2023

The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

Objectives and Aims

The advancement of the Christian religion for the public benefit in particular but not exclusively by:

4) providing facilities with a Christian ethos for the benefit of the local community (including but not restricted to: women, men, the elderly, the young and other groups with special needs or requirements).

Weekly Services

Services were held in person with online access as the UK came out of lockdowns. Service times were modified to meet the needs of changing circumstances. Online services reached both local and international audiences and international speakers were incorporated without the burden of associated travel costs.

Sabbath (Saturday) Worship services Departmental ministry activities Bible studies and discussions Sunday First Sunday fasting service Monday Baby Bank project Tuesday Community Coffee Morning Onine evening bible study Wednesday Morning prayer and fasting meeting

Provides fun, education, spiritual and stimulating activities for the following age ranges:

musical tuition, day trips and sight-seeing, socials, sports, etiquette training, life skills, dance ministry, arts and crafts, quizzes, educational support and holiday summer school. Its volunteers are all DBS checked and are

Weekly meetings providing spiritual development, alongside other activities including music and a youth choir, mentoring, careers advice, sports days, other social activities and outings, youth camp that provides yearly residential weeks in various parts of the United Kingdom and annual youth conventions.

with meetings at least once per month. They identify areas of benevolence and seek to meet those needs.

A forum to support men and boys in developing all the areas and aspects of their lives to become godly in their nature, relationship and demeanour. To provide encouragement to help identify and develop their personal ministries and to get involved in missions.

Teaching, Sabbath School, New Christian Studies

Weekly Sabbath School and Tuesday evening bible studies.

4

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2023

Pastoral Counselling and Visitation

Pastoral support is provided to members who need encouragement. Specific areas of need of provision include pre and post marital, bereavement and funeral, pre and post baptism, spiritual and relational counselling. visitation are made by the Pastoral and deacon teams as need arises. The church is licensed for weddings and undertakes funerals and baby blessings.

Food and Clothes Bank

A project providing essential baby products and clothing for families in the community.

Evangelism and Community Outreach

Spreading the gospel of Salvation through Jesus Christ through one to one personal evangelism, leafleting, home visits and studies.

Coffee Morning

Provides an open door to the community on a weekly basis where coffee, tea, biscuits, conversation, advice, prayer, games and a warm lunch are made available.

Online Evangelism

The online evangelism initiative provides the structure and processes required to promote the delivery of a highquality evangelism programme that is available for and to meet the needs of all. The purpose of the ministry is to spread and teach the Gospel of Jesus Christ.

Learning and Development

Investment Property Renovation

In 2015 Croydon Church entered into a 50% joint venture project to purchase and renovate a house into 2 flats. Both flats are rented and a 50% share of the property income is being donated back to the Church charity.

Completed projects during the year

Future Plans

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2023 MaJorf￿ur& Iiilt14tlv•- C007D List•n and Speak Advisory Swvic• The aim and objective olthis prqed is to provwle a sale rm)rFi￿9ernenfa1 ethlw"tv4 enwronment to share mubJ eLncerng wilh regards to rcel-lrfe ￿SUeS, seiviiu LNJth Inma and cunmunjiy needs. The service will cover iSgJ8s ar0￿d youlh èwawent, rnedotion wilh th8 Metrcp4rtan Polic8. t8¢kJe Issues 8round mental heatth, parental advice. rÈal tAlk diwssion6 f¢r derno9raphro and work ￿lIh a Ilsi Of specialist (xwn5elliy5 and agenaosto Pbcwit5 wdl bo refer￿J. Publlo Ben•frt8 Statsm•nt In the planning of activrties forthe ygar. 8nd hBvirKJ given due ¢￿sIdere￿an to Charity Commi55ion'8 9uldarts ￿ public benrt, and fv speofic 9vk18n￿ on chwitw forthe thanrement ofrdigion in paiticular. th8 Charity hgs betsn comrnitt8d in its efforts of sUPw￿￿a rts of Churches In genèrd and in provldlng Ir8ining for Pastor5. Minffjthrs ar¥J Leadw8 In Mink8try on bjth Pastsd and Governa￿8 matters. FINANCIAL REVIEW The Chgrlws flnancial 5tat8ment for Ihe year and￿ 31st D￿eMb￿ 2023 Irwne of£142.26112022.' £ISO.298. EXp￿diture w88 t136,73112022.. £132,￿) aNI tha CINJrc mada 8 net surplus in luThJs of£S.520 12022. f17.3461. Rtrstrtcted res8rve5 ￿ 31st D￿rnt￿r2023 1$ £1,OK>.￿s12022.. £1,124,630), wh1151 un￿SInC1￿j funds are £7￿.434(2022. 1￿.?79). STATEMENT OF TRUSTEE RESPONSIBILITIES The InJ8tees are respondblè for wep8￿n9 tho R8r#xiolth8 Tftjstw and the flnand818taternents In accord4nc8 applicabk law aTrJ un￿ KIWM Arax)unllw Strndards Iunltert Kiwdom G•n•rAIIy t￿ ACCOJnts￿ Prnctic81. ¢￿panY1￿W aW•cth• to c8rilis In Eryland gnd Wgt06, tho Cher￿8$ Ad 2011, Charfty Regulabons luoe aTrJ the provi$lons of Ihe trusl OBed r¢quires t1￿ trustees lo Jxepar6 fin8ndal ststements for eBch (Accounts nd Reports) Nnanclal yearwhlch give a trug and lair ol the stAlft nf Affalrs of th• thanty and of th• Incfjmirya r850urc8s and applicalon olr8StyJft8s, I1￿lUdIng th• incorno ond 8xp8Nlltur• ol the ¢hadty for that pe￿lY1. In preparlrs Iho3e Ilnandal JtsteM￿ts. tho InJ8tee5 rnqu1￿j to.. . 9è18ct sjttable 8£¥￿n￿ng pclldes and thgn appty thern consthnty, . obs8rye the melhods and Drinryples in Ihe Chanty 8ORP,. . makeludgements and estirnales Ih818re roasonth and pFudTrL' - prepare the flnancial $tate[r￿DIS on the wlrKJ toncem l)a5Ls unless It L8 Inappmrmle to vw¥ume Ihai tha Lnarrty wll tr)nb"n￿ in t￿sIneSs. Thè ttjsteès 8re resrthAbl6 for k••pry wopor a¢wurthng rvA¥d& ijisaose T8asonabLg accuracy at 8ny Ilme the finan>￿ of Ihe d￿rItyand to enabb Ih8m lo enwre that Iht flnancJal 8tat8menis comdy wllh Cornpanigs Act 2￿. Thgy8ro #Jsa I•5￿$1￿49 for 8gf0guurdlng th¢ ao3elo ot In• tharity and hsrr¢ for tsking reasonable steps for the pl￿nti￿ aThJ dat¥l￿n c{fra￿j and other IrreguLgrtl•s. This report L8 preparod in acmrdarta the speoal of Part 15 oflho Ccfflpath88 20Cfj r&8lng lo small cornpan￿. Approved by¢xder of ￿ Bo3r(l ¢M Tr￿910￿￿ c ON BEHALF OF THE BOARD.. Pastor Reubèn Harr15 ffrustgel

REPORT OF THE INDEPENDENT EXAMINER CHURCH OF GOD (SEVENTH DAYI CROYDON YEAR ENDED 31ST DECEMBER 2023 I report on the accounts for the year ended 31st December 2023 set out on pages six to eleven. Res￿¢t1¥8 responslbillties of trustees and examiner The Charty's Trustees (who are also the Directors for the purposes of Company Lawl are responsible for the preparation of the aecounts. The Charity's Trust￿ consider that an audit is not required for this year lunder Section 144121 of the Charities Act 2011 {the 2011 Actll and th* an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, il is my responsibilty lo.. - examine the accounts under Sects'on 145 of the 2011 Act lo follow the procedures laid down in the General DIr￿tiOnS given by the Charity Commission (under Sedion 1451511bl of the 2011 Actl. and - lo State whether particular matter$ have come lo my attention. 8asSs of the Independent examlners report My examination was carried out in aecordanee 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 a￿ountS presented with those records. 11 also includes ￿nsideratIon of any unusual rtems or disclosures in the accounts, and seeking explanations from you as Iruslees concefning any such matter. The procedures undertaken do not provide all the evidence that would be required in an audil. and consequently no opinion is given as lo whether the account¥ present a Irue arKI fair v￿vI and the report 1$ limited lo those matters Sol out in the statements below. Independent oxamlnerfs statemgnt In connection with my examination. no matter has come to my attention.. 111 which gives me reasonable Cause lo believe that, in any material res￿1, the requirement$ - lo keep accounting records in accordance wrth Section 386 and 387 of the Companies Act 2006.. and - lo prepare aeeounls which aceord wrth the aceounling records, comply with the accountings requirement of Sections 394 and 395 of the Companies Act 20[￿ and with the methods and principles of the Statement of Recommended Practice. Accounting and Reporting by Charities have not been mel., or 121 lo which. in my opinion. attention should be drawn in order to enable a proper understsnding of the accounts lo be reached. Rolston Allen l FCCAI Allen Robyn & Associates Ltd Chartered Certified Accounlanls 367 Caledonian Road London N7 9DQ Dale. 2211012024

7

CHURCH OF GOD (SEVENTH DAY) CROYDON STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2023

Unrestricted Unrestricted
INCOMING RESOURCES Notes 2023 2022
Incoming resources from generated funds
Tithes and offerings 2 142,261 150,298
RESOURCES EXPENDED
Charitable Activities 3 61,770 64,477
Governance Costs 4 2,160 2,160
Support Costs 5 72,801 66,315
TOTAL RESOURCES EXPENDED 136,731 132,952
NET INCOME/EXPENDITURE FOR THE YEAR 5,530 17,346
Movement in restricted funds 1,246,909 1,229,563
TOTAL FUNDS CARRIED FORWARD £1,252,439 £1,246,909

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2023 other than those included in the statement of financial activities.

The notes on pages 9 to 12 form part of these accounts.

CHURCH OF GOD ISEVENTH DAY) CROYDON STATEMENT OF nNANCWL po3moN YER ENDED 31ST DECEMBER 2023 TANGIBLEASSETS TaryltAè fixed assets InvA%tmAnl worérty 928,112 968,572 1.163.759 1304,219 CURRENT A8SEr8 Det)lor5 Csh al bank and in hand 12.140 12,740 89,850 CREDrroR8.. wlthln ort• CREDITORS.. duo wl¢hln ono 10 N•t CurrnntAtsot• I"OTAL ASSETS LESS CURREpff LIABIL FUNDS: Rp.%lrip.led lund$ Unrestricted Funds 22 1.124630 1,U90.005 Th• finttndal staleni¥Ti¢¥ aFVOVgJ bythe ¥03rd ofTnj$t￿ cai................ .... s￿n￿l on its bBhaW by.. Pa•tor Rgub•n HBrrfs (fruste•l

9

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared under the historical cost convention and in accordance with FRS 102 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard Section 1A applicable in the UK and Republic of Ireland and the Companies Act 2006.

The Church of God (Seventh Day) Croydon meets the definition of a public benefit entity under FRS 102.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donations and other incoming resources -Represents income from tithes and offerings from members and visitors of the Church recorded when they are receivable.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property 2.5% Furniture and equipment 25%

Revaluation of freehold property

Freehold property was revalued during the year to reflect carrying values, near to its fair values. There were no depreciation charged during the year of revaluation.

The investment property is undergoing renovation and have not been bought into use and therefore was depreciated during the current year.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

10

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023

2. VOLUNTARY INCOME
Tithes and offerings
Donations and pledges
Grants
Gift Aid
Fundraising and others
Total incoming resources
3. CHARITABLE EXPENDITURE
Ministry expenses
British conference contribution
Training and outreach projects
Charitable Donations
Books & periodicals
Hospitality
Welfare
4. MANAGEMENT AND SUPPORT COST
Insurance
Light and heat
Repairs, maintenance & cleaning
Travel and subsistence
Printing, postage and stationery
Internet
Telephone
Professional Fees
Premises Expenses
Bank charges
Depreciation		 2023
2022
92,084
97,645
2,173
7,917
19,999
19,443
18,705
22,817
11,777
£142,261
£150,298
3505
3039
20400
27153
27629
20331
3847
6031
391
2586
5397
3867
601
1470
£61,770
£64,477
1940
1481
4687
4357
8433
5824
8348
7113
2321
2328
2387
2308
606
757
200
2427
871
863
571
589
42,437
38,268
£72,801
£66,315		 2023
2022
92,084
97,645
2,173
7,917
19,999
19,443
18,705
22,817
11,777
£142,261
£150,298
3505
3039
20400
27153
27629
20331
3847
6031
391
2586
5397
3867
601
1470
£61,770
£64,477
1940
1481
4687
4357
8433
5824
8348
7113
2321
2328
2387
2308
606
757
200
2427
871
863
571
589
42,437
38,268
£72,801
£66,315		 2022
97,645
2,173
19,999
18,705
11,777		 2022
3039
27153
20331
6031
2586
3867
1470
£64,477
1481
4357
5824
7113
2328
2308
757
2427
863
589
38,268
£66,315		 1481
4357
5824
7113
2328
2308
757
2427
863
589
38,268

5. TRUSTEES REMUNERATION AND BENEFITS

Trustees' expenses

There are no paid staff. All tasks are carried out by Trustees who are not remunerated and do not receive any expenses or benefits for their activities.

11

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023

6. FIXED ASSETS
COST
At 1st January 2023

Additions
As at 31st December 2023

DEPRECIATION
Opening Balance
Charge for the year
NET BOOK VALUE
As at 31st December 2023
As at 31st December 2022
7. INVESTMENT PROPERTY
COST - Croydon portion of purchase cost
Investment brought forward
Contributions to repairs during the year
As at 31st December		 Freehold
Property
1,097,008
-
1,097,008
142,500
27,425
169,925
£927,083
£954,508		 Office & Musical
Equipment
58,070
1,977
60,047
44,006
15,012
59,018
£1,029
£14,064
2023
235,647
=
£235,647		 Office & Musical
Equipment
58,070
1,977
60,047
44,006
15,012
59,018
£1,029
£14,064
2023
235,647
=
£235,647		 Total
1,155,078
1,977
1,157,055		 Total
1,155,078
1,977
1,157,055		 Total
186,506
42,437
228,943
£928,112
£968,572
2,022
235,647
-
£235,647		 186,506
42,437
228,943

Investment property represents a 50% joint venture project with Deptford Church of God (Seventh Day) to purchase and renovate a house (21 Derby Rd.) into 2 flats. The aim of the project is that once the renovation is completed by the end of 2018, 50% share of the property income will be donated back into the Church Charity. The asset is valued at it purchase cost and repairs to date and was funded by restricted donations from members of both churches and the British Conference.

There are no mortgage loans or any other restrictions on the Church's ability to realise the premises other than that of the joint owner.

8. DEBTORS
Loans to members
Other Debtors - Deptford
Other Debtors
9. CREDITORS : Amounts falling due within one year
Accruals		 2023
2022
4,690
5,290
7,450
7,450
£12,140
£12,740
2023
2022
£2,160
£2,160		 2022
5,290
7,450

12

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023

10. CREDITORS : Amounts falling due within one year
Accruals
11. MOVEMENTS IN FUNDS
Incoming
Resources
Unrestricted Funds
General Fund
£142,261
01/01/2022
Unrestricted Funds
£122,279
Restricted Funds
General fund for the year
155,472
Freehold property
954,508
Deptford church
14,650
£1,124,630
Total funds
£1,246,909		 2023
£5,000
Resources
Expended
£136,731
Movement and
transfer of
Funds
£40,155
-
(27,425)
(£7,200)
(£34,625)
£5,530		 2023
£5,000
Resources
Expended
£136,731
Movement and
transfer of
Funds
£40,155
-
(27,425)
(£7,200)
(£34,625)
£5,530		 2023
£5,000
Resources
Expended
£136,731
Movement and
transfer of
Funds
£40,155
-
(27,425)
(£7,200)
(£34,625)
£5,530		 2022
£25,000
Movement in Funds		 2022
£25,000
Movement in Funds		 2022
£25,000
Movement in Funds		 2022
£25,000
Movement in Funds
Funds
£5,530
31/12/2023		 £5,530
£162,434
155,472
927,083
7,450
£1,090,005		 £162,434
£1,252,439

13

CHURCH OF GOD (SEVENTH DAY) CROYDON INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2023

Incoming Resources:
Voluntary income:
Tithes and offerings
Donations and pledges
Grants
Gift Aid
Fundraising and others
Total incoming resources
RESOURCES EXPENDED:
Charitable activities:
Ministry expenses
British conference contribution
Training and outreach projects
Charitable Donations
Books & periodicals
Hospitality
Welfare
GOVERNANCE COSTS
Examiner fees
SUPPORT COSTS: MANAGEMENT
Insurance
Light and heat
Repairs, maintenance & cleaning
Travel and subsistence
Printing, postage and stationery
Internet
Telephone
Professional Fees
Premises Expenses
Bank charges
Depreciation
Total resources expended
Total Income over expenditure		 2023
2022
£
£
92,084
97,645
-
2,173
7,917
19,999
19,443
18,705
22,817
11,777
£142,261
£150,298
3505
3039
20400
27153
27629
20331
3847
6031
391
2586
5397
3867
601
1470
£61,770
£64,477
£2,160
£2,160
1940
1481
4687
4357
8433
5824
8348
7113
2321
2328
2387
2308
606
757
200
2427
871
863
571
589
42,437
38,268
£72,801
£66,315
£136,731
£132,952
£5,530
£17,346		 2022
£
97,645
2,173
19,999
18,705
11,777		 2022