REGISTERED CHARITY NUMBER: 1166939
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
COMMUNITY CHURCH BISHOPS STORTFORD
COMMUNITY CHURCH BISHOPS STORTFORD
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Cash Flow Statement | 8 |
| Notes to the Cash Flow Statement | 9 |
| Notes to the Financial Statements | 10 to 17 |
| Detailed Statement of Financial Activities | 18 |
COMMUNITY CHURCH BISHOPS STORTFORD
REPORT OF THE TRUSTEES for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
VISION
The Vision Statement of Community Church Bishops Stortford is that we will be "the Family of God in the Presence of God displaying the Glory of God." This is the big picture destination that we are aiming for in every area of our lives and the three key words in this vision statement are:
Family: We seek to display committed, loving and healthy family relationships together because we are first and foremost a family rather than an organisation or an institution.
Presence: God has spoken prophetically to us that we are to be a place of His Presence - a place of residential anointing where His presence amongst us is tangible and experiential.
Glory: We exist for His Glory. Our passion is to see His Glory displayed among us and through us, and that His Glory will be worshipped and honoured in our individual lives, families, communities, and to the ends of the earth.
Our vision is to be a church:
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Where God's presence and power bring healing, salvation and deliverance.
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That encourages one another to grow into mature followers of Christ.
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Serving the needs of the wider community.
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Where children and young people want to be.
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That plants new churches, reaches the region and touches nations.
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Equipping people here, from the region and beyond.
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Gathering 900 people of all generations and many nations.
Some of the core values that we hold here at Community Church are; honour, authenticity, passion, generosity and courage.
We work in partnership with churches and organisations within Bishops Stortford and the UK and during this financial period these included:
Newfrontiers: We were part of the Newfrontiers, a worldwide network of over 850 churches in 60 nations: www.newfrontierstogether.org.
Relational Mission (RM): within Newfrontiers we were part of Relational Mission, a growing family of churches committed to seeing lives and communities transformed by the grace of God: www.relationalmission.org.
The Evangelical Alliance: We are a member of the Evangelical Alliance, which is made up of thousands of churches within the UK, and works to represent Evangelical Christians: www.eauk.org.
Thirst Youth Café (Bishops Stortford Youth Project): We are closely connected with this local Bishops Stortford Charity established to engage with youth through its Youth Café 'Thirst'.
Additionally, there are a number of other charities we have relationship with, which we were able to support financially during the course of the year.
Grantmaking
When they meet, the Trustees review the grants proposed by the church elders. They review these grants to ensure that they fall within the objectives of the charity and that there are sufficient reserves available.
Page 1
COMMUNITY CHURCH BISHOPS STORTFORD
REPORT OF THE TRUSTEES
for the year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Review of the year
Church Life; this year has seen the continuation of two repeated Sunday morning meetings (required due to restrictions in venue capacity), along with a wide variety of ministries and groups, including for children and youth. Sunday morning sermon series have included teaching on the spiritual disciplines of simplicity, prayer, fasting and solitude. 'Deeper' and 'Word & Spirit' meetings run on Sunday evenings.
The church was once again privileged to be able to send many young people to the Newday event near Norwich and to run an Alpha Course for those open to exploring the Christian faith.
Community Groups run in homes throughout the week. Other aspects of church life, and use of the church building, have included: English language training for those from Ukraine; U3A; Children's groups - 'Bumps and Babies' and 'Treasure Chest' and youth events; The charitable provision of meals; Training and practice for those providing music for church worship; Ministry to seniors - 'Crowning Years'; Women's Institute and community training events; provision of a venue for a Cantonese speaking community.
Overseas Support and Ministry; We continued to be connected to Relational Mission, part of the Newfrontiers family, during this period (although please see the changes noted in Future Plans on page 3) and had relationships internationally; particularly with long-term connection with churches in Ukraine, and a church in Berkel, Holland. We continue to support previous church members in Christian ministry in Taiwan.
Support of Churches; We also continued to release our lead elder part-time to oversee a number of other churches in the region as part of the Relational Mission Apostolic Team.
During this financial year, our Chair of Trustees - Stuart Croft - stood down from the board after many years of service to the church in that capacity. We sincerely thank him for all that he contributed to God's kingdom in that role. The rest of the trustee team remained unchanged, comprised of Andy Lee, Phyllis Alaezi and Esther Young-Harry.
The charity continues in a stable financial position and the trustees and elders are deeply thankful to all those who generously support the church.
Further, the trustees and elders acknowledge that the activities of Community Church Bishop's Stortford could not happen without the commitment, effort and passion of its many members and staff. We take this opportunity to thank our many volunteers for the significant contributions that they bring.
FINANCIAL REVIEW
Financial Review
The principal source of funding for the Church is donations. For the year ended 31 March 2024, the Church received £439,952 in total from all of its sources of income. Total expenditure in the year amounted to £504,597. This compares to figures for the previous period ending 31st March 2023 of £491,740 total income, and a total expenditure of £511,231.
As in the previous financial period, expenditure has exceeded income. The background to this is that the church accumulated additional reserves during the Covid era which are being deliberately spent, over a period, on the church’s charitable purposes.
Reserves and investment policy
The Trustees Policy on Reserves and Investments is to make maximum use of available funds to further the aims of the charity and to use low risk investment, which maintains ready access to the reserves. The Trustees have the powers to invest in such funds as they see fit.
The balance of the charity's working fund is maintained at a level commensurate with the charity's cash flow, without necessitating restrictive phasing of medium spend projects across the financial year. With the exception of funds designated from time to time for specific high cost projects (e.g. purchase or extensive modifications of buildings) which are held for a limited period in a separate account, the charity does not hold high levels of reserves.
The Trustees consider that the free reserves are equivalent to the general funds net current assets. This excludes the fixed assets, which are needed for the continuing use of the charity. They believe the free reserves should be approximately £75,000 which is two months budgeted expenditure.
Page 2
COMMUNITY CHURCH BISHOPS STORTFORD
REPORT OF THE TRUSTEES
for the year ended 31 March 2024
FUTURE PLANS
Towards the end of this financial period, the trustees supported the spiritual lead given by the elders to take a different theological view from previously and to enable women to serve the church as elders. Linked to this change of theological position, the elders also led the church in a disassociation - on positive terms - from the Newfrontiers/Relational Mission network that the church had historically been linked to. Instead, the church has affiliated to Kingdom Legacy, a network of Christian leaders with a vision to see God's Kingdom advancing through a growing, thriving community of leaders, churches and ministries.
The ensuing period has seen the elders, supported by the trustees, implement these changes through wide-scale meetings with members, smaller meetings with individuals and small groups, a spiritual teaching series etc.
The recruitment of new trustees has also been a focus for the elders and existing trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
Trustees
The Trustees meet on a regular basis throughout the year. The day to day management of the Charity is delegated to the Church Elders, who report to the Trustees.
Appointment and training of new Trustees
New Trustees are appointed by the Elders, in consultation with the existing Trustees. New Trustees are selected from within the church family. The induction process for any newly appointed trustee comprises of an initial meeting with the Chair of Trustees in order to understand their responsibilities and the framework within which the church operates. In addition to explaining the powers and responsibilities of the Board of Trustees, New Trustees are provided with a copy of the charity's governing document, annual accounts and a copy of the Charity Commission's guidance 'The Essential Trustee: What You Need to Know'.
Trustee Meetings:
The Trustees meet regularly throughout the year. At the trustees' discretion, an Elder is often invited to attend part of the trustee meetings. The Trustees retain responsibility for the overall strategic decisions of the Charitable Incorporated Organisation (CIO),and are responsible for approving budgets and monitoring ongoing financial performance against those budgets. The Elders are responsible for providing the spiritual leadership and vision of the church and responsibility is also delegated to the Elders for the day-to-day management of the church's activities.
Governance - Internal Controls and Risk Management
The Trustees, key staff members, and representatives of the trustees maintain a risk review document. This is regularly reviewed, and updated as necessary. The key areas considered are; governance and management of the charity, external influences and risks, safeguarding, data protection, human resources, health and safety, and finance. The individual risk factors within these general areas were assessed to determine the likelihood of the risk occurring, its potential impact, control procedures in place to limit the risk, assignment of responsibility and further actions to be taken. The Trustees are satisfied that systems are in place to monitor, manage and mitigate the church's exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1166939
Principal address
Charis Centre Water Lane Bishops Stortford Hertfordshire CM23 2JZ
Page 3
COMMUNITY CHURCH BISHOPS STORTFORD
REPORT OF THE TRUSTEES for the year ended 31 March 2024
Trustees
O Edwardson (resigned 1.4.23) S Croft - Chair (resigned 1.10.23) A Lee P Alaezi E Young-Harry
Independent Examiner
Christopher Marsh MAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
Elders
A Stroud G McCormick
15/01/25 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
A Lee A Lee (Jan 15, 2025 22:09 GMT)
........................................................................ A Lee - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITY CHURCH BISHOPS STORTFORD
Independent examiner's report to the trustees of Community Church Bishops Stortford
I report to the charity trustees on my examination of the accounts of Community Church Bishops Stortford (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than 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 concerns 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 accounts to be reached.
OusS>
Christopher Marsh MAAT The Association of Accounting Technicians
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 16/01/25 Date: .............................................
Page 5
COMMUNITY CHURCH BISHOPS STORTFORD
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Charitable activities 5 Advancement of the Gospel NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 395,373 6,063 1,627 403,063 482,486 (79,423) 236,865 157,442 |
Restricted funds £ 22,437 - 14,452 36,889 22,111 14,778 1,069,928 1,084,706 |
31.3.24 Total funds £ 417,810 6,063 16,079 439,952 504,597 (64,645) 1,306,793 1,242,148 |
31.3.23 Total funds £ 482,811 7,197 1,732 491,740 511,231 (19,491) 1,326,284 1,306,793 |
|---|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 6
COMMUNITY CHURCH BISHOPS STORTFORD
BALANCE SHEET 31 March 2024
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 2,015 47,246 126,579 173,825 (18,398) 155,427 157,442 157,442 |
Restricted funds £ 677,772 - 406,934 406,934 - 406,934 1,084,706 1,084,706 |
31.3.24 Total funds £ 679,787 47,246 533,513 580,759 (18,398) 562,361 1,242,148 1,242,148 157,442 1,084,706 1,242,148 |
31.3.23 Total funds £ 680,459 50,784 598,552 649,336 (23,002) 626,334 1,306,793 1,306,793 236,865 1,069,928 1,306,793 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15/01/25 ............................................. and were signed on its behalf by:
A Lee A Lee (Jan 15, 2025 22:09 GMT) ............................................. A Lee - Trustee
The notes form part of these financial statements
Page 7
COMMUNITY CHURCH BISHOPS STORTFORD
| CASH FLOW STATEMENT for the year ended 31 March 2024 Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.24 £ (81,118) (81,118) 16,079 16,079 (65,039) 598,552 533,513 |
31.3.23 £ (14,703) (14,703) 1,732 1,732 (12,971) 611,523 598,552 |
|---|---|---|
The notes form part of these financial statements
Page 8
COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE CASH FLOW STATEMENT for the year ended 31 March 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||||
|---|---|---|---|---|
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Net expenditure for the reporting period (as per the Statement of | ||||
| Financial Activities) | (64,645) | (19,491) | ||
| Adjustments for: | ||||
| Depreciation charges | 672 | 895 | ||
| Interest received | (16,079) | (1,732) | ||
| Decrease/(increase) in debtors | 3,538 | (3,829) | ||
| (Decrease)/increase in creditors | (4,604) | 9,454 | ||
| Net cash used in operations | (81,118) | (14,703) | ||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At | 1.4.23 | Cash flow | At 31.3.24 | |
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 598,552 | (65,039) | 533,513 | |
| 598,552 | (65,039) | 533,513 | ||
| Total | 598,552 | (65,039) | 533,513 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
Page 9
COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).
Critical accounting judgements and key sources of estimation uncertainty
In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements. Useful economic life of tangible fixed assets:
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Allocation and apportionment of costs
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances
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 - in accordance with the property Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance
continued...
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COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
1. ACCOUNTING POLICIES - continued Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity only has financial assets and 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. DONATIONS AND LEGACIES
| Donations Gift aid 3. OTHER TRADING ACTIVITIES Hall Hire |
31.3.24 £ 356,013 61,797 417,810 31.3.24 £ 6,063 |
31.3.23 £ 411,064 71,747 482,811 31.3.23 £ 7,197 |
|---|---|---|
continued...
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COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
| 4. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Deposit account interest | 16,079 | 1,732 | |
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Independent examiners fee | 1,850 | 1,850 | |
| 6. | GRANTS PAYABLE | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Advancement of the Gospel | 74,183 | 92,366 | |
| The total grants paid to institutions during the year was as follows: | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Churches Together | 220 | - | |
| Evangelical Alliance | 350 | 350 | |
| Holiday Bible Week | 1,000 | 1,000 | |
| Relational Mission | 24,360 | 28,815 | |
| Bishops Stortford Youth Project | 13,750 | 16,125 | |
| St Elizabeths | 300 | 300 | |
| Bishops Stortford Foodbank | 1,780 | 2,555 | |
| Night Shelter | - | 1,965 | |
| The British Red Cross | - | 105 | |
| Tearfund | - | 60 | |
| Life Church | - | 2,000 | |
| Stewardship Ukraine Fund | 7,217 | 23,590 | |
| Ananais House | 1,660 | - | |
| My Child Uganda | 2,095 | - | |
| Meninadanca | 1,410 | - | |
| CAF | 1,670 | - | |
| 55,812 | 76,865 |
continued...
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COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
7. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Advancement of the Gospel | 2,049 | 3,688 | 5,737 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Key management
The trustees consider the Key Management to be the Elders.
During the year the Key Management received remuneration of £117,138 gross pay (2023: £142,507), £13,550 employer's NI contribution (2023: £16,746) and employer's pension contributions of £7,127 (2023: £13,118).
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Church Operations |
31.3.24 £ 268,550 19,958 14,547 303,055 31.3.24 8 |
31.3.23 £ 270,215 21,432 18,881 |
|---|---|---|
| 310,528 | ||
| 31.3.23 8 |
Employees who received emoluments between £60,000 - £69,999 for the year: 1 (2023: nil)
continued...
Page 13
COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 449,610 Other trading activities 7,197 Investment income 1,732 Total 458,539 EXPENDITURE ON Charitable activities Advancement of the Gospel 463,351 NET INCOME/(EXPENDITURE) (4,812) RECONCILIATION OF FUNDS Total funds brought forward 241,677 TOTAL FUNDS CARRIED FORWARD 236,865 11. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2023 and 31 March 2024 677,772 339 DEPRECIATION At 1 April 2023 - 274 Charge for year - 16 At 31 March 2024 - 290 NET BOOK VALUE At 31 March 2024 677,772 49 At 31 March 2023 677,772 65 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Gift Aid Recoverable Prepayments |
Restricted funds £ 33,201 - - 33,201 47,880 (14,679) 1,084,607 1,069,928 Computer equipment £ 13,596 10,974 656 11,630 1,966 2,622 31.3.24 £ 405 4,136 30,996 11,709 47,246 |
Total funds £ 482,811 7,197 1,732 491,740 511,231 (19,491) 1,326,284 1,306,793 Totals £ 691,707 11,248 672 11,920 679,787 680,459 31.3.23 £ 210 2,249 43,239 5,086 50,784 |
||
|---|---|---|---|---|
continued...
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COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 4,009 | 5,029 |
| Taxation and social security | 6,228 | 6,539 |
| Other creditors | 8,161 | 11,434 |
| 18,398 | 23,002 |
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Special Offerings - including pastoral care Ukraine Building Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Special Offerings - including pastoral care Ukraine Building Fund TOTAL FUNDS |
At 1.4.23 £ 236,865 6,870 - 1,063,058 1,069,928 1,306,793 Incoming resources £ 403,063 14,297 8,140 14,452 36,889 439,952 |
Net movement in funds £ (79,423) (597) 923 14,452 14,778 (64,645) Resources expended £ (482,486) (14,894) (7,217) - (22,111) (504,597) |
At 31.3.24 £ 157,442 6,273 923 1,077,510 1,084,706 1,242,148 Movement in funds £ (79,423) (597) 923 14,452 14,778 (64,645) |
|
|---|---|---|---|---|
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COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.22 in funds £ £ Unrestricted funds General fund 241,677 (4,812) Restricted funds Special Offerings - including pastoral care 7,417 (547) Ukraine 14,132 (14,132) Building Fund 1,063,058 - 1,084,607 (14,679) TOTAL FUNDS 1,326,284 (19,491) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 458,539 (463,351) Restricted funds Special Offerings - including pastoral care 21,558 (22,105) Ukraine 11,643 (25,775) 33,201 (47,880) TOTAL FUNDS 491,740 (511,231) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.22 in funds £ £ Unrestricted funds General fund 241,677 (84,235) Restricted funds Special Offerings - including pastoral care 7,417 (1,144) Ukraine 14,132 (13,209) Building Fund 1,063,058 14,452 1,084,607 99 TOTAL FUNDS 1,326,284 (84,136) |
At 31.3.23 £ 236,865 6,870 - 1,063,058 1,069,928 1,306,793 Movement in funds £ (4,812) (547) (14,132) (14,679) (19,491) At 31.3.24 £ 157,442 6,273 923 1,077,510 1,084,706 1,242,148 |
|---|---|
Page 16
continued...
COMMUNITY CHURCH BISHOPS STORTFORD
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Special Offerings - including pastoral care Ukraine Building Fund TOTAL FUNDS |
Incoming resources £ 861,602 35,855 19,783 14,452 70,090 931,692 ( |
Resources Movement expended in funds £ £ (945,837) (84,235) (36,999) (1,144) (32,992) (13,209) - 14,452 (69,991) 99 1,015,828) (84,136) |
|---|---|---|
Fund Descriptions
Special Offerings: This fund represents the monthly offerings taken to support and bless others in need. It also includes any pastoral care giving.
Ukraine: This fund represents money received to support Christian Ministry and Advancement of the Gospel in the Ukraine
Building Fund: This fund represents both the value of the property the charity currently owns and also includes the fund being saved to fund future building projects.
15. RELATED PARTY DISCLOSURES
During the year J Stroud, the wife of a member of the Key Management was remunerated £8,888 (2023: £8,759) including £nil of Employers NI (2023: £20) for her role as Office Administrator.
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