Charity number: 1167992
GOODNEWS CHURCH, MELKSHAM CIO
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
GOODNEWS CHURCH, MELKSHAM CIO
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 14 |
GOODNEWS CHURCH, MELKSHAM CIO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
Trustees
John Francis Firth Myles Pilling Shirley Jenkins
Charity registered number 1167992 Principal office 55 Foundry Close SN12 8FD Accountants Kolade Andrew Alli ACMA 10 Gatcombe Gardens West End Hampshire SO18 3NA
Page 1
GOODNEWS CHURCH, MELKSHAM CIO
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the Goodnews Church, Melksham CIO for the year 1 April 2022 to 31 March 2023. Objectives:
The objectives of the CIO are:
A. To advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in the County of Wiltshire and in such other parts of the United Kingdom or the world as the Trustees may from time-to-time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and b) Wales and are connected with the charitable work of the charity.
B. To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time-to-time think fit.
C. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship, or social circumstances with the object of improving their conditions of life.
Governance
Nature of governing document:
The Trustees meet regularly with the pastors and leaders of the church to review achievements and activities, and to plan strategy. John and Sharon Firth lead and pastor the church, with John Firth continuing as a paid employee and as a Trustee in accordance with the CIO's constitution, which has provision for the employment of a Pastor/Trustee.
The trustees are Myles Pilling and Shirley Jenkins. Nancy Millard is the church treasurer. The payroll function is handled by David Bull of DC Tax and Accounts Ltd.
Sharon Firth is the Safeguarding Coordinator and she carries out the DBS checks through Thirtyone:Eight.
GoodNews is part of "Synergy Alliance", a loose fellowship of churches led by Pastor Andy Elmes of Family Church, Portsmouth.
The Church also maintains its historic connections with River Valley Church, Williamsport, PA USA.
Premises:
GoodNews Church rents ‘that meeting space’ from Melksham Town Council
Activities 2022-2023
This has been an exceptional year for GoodNews Church with an increased visibility and impact on the community. The church holds regular Sunday meetings and small group meetings at 'that meeting space'.
The church is closely connected with the other churches in Melksham hosting a church wide ‘Prayer For Melksham’ meeting at ‘that meeting space’ and jointly leading youth and special needs praise meetings, ‘SHINE’, at Queensway Chapel. It also hosts a healing mentoring group which includes people from a wide area.
The church took in monthly collections during the year for significant needs, as well as regular monthly support for several ministries.
Support was provided for the work of Pastor Tinashe Veremu in Zimbabwe, to whom the church has given financial and spiritual support for over 15 years. Regular contact is maintained with Pastor Veremu and support is sent bimonthly using WorldRemit, as well as offerings taken to help with specific needs as they arose.
The church supported Jon Cassel, who works with World Team in Cameroun and Transworld Radio in Benin.
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GOODNEWS CHURCH, MELKSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Support is sent to Mr Cassel through World Remit on a bi-monthly basis, as well as offerings that were taken to help with specific needs.
Support was given to Rhea Ministries to support their outreach work in the Thar Desert in Pakistan, as well as offerings that were taken to help with specific needs especially during the devastating floods of 2022.
The church ended the regular monthly support of Arnold Muwonge and his work with the Kampala Childrens Centre in Uganda, instead specific offerings were taken to support the Centre.
Collections were taken during the year for identified needs. These have included Melksham Food Bank and Open Doors (Turkey and Syria Earthquake Appeal). The church has also received gifts to help Ukrainians who have come to live locally after fleeing the Russian invasion.
During the year the church offered ‘that meeting space’ as a social base for the Ukrainian guests. As the year progressed and needs changed, we hosted Wiltshire Council English classes and latterly English classes run and administered by the church using volunteers.
The now regular Tuesday morning community drop-in has attracted up to 30 people per week and has become a valuable asset to the community.
The church has continued to run regular Bereavement Journey courses and has become strongly connected with the Social Prescribers from the GP surgeries who are regularly referring people to the course.
The church was awarded an £800 grant from Melksham Town Council and a £200 grant from Melksham Without Parish Council towards the continued work of ‘that meeting space’.
As the church has administered ‘that meeting space’ it has become an incubator for a number of groups, some of which have outgrown the space. The Melksham Community Larder began at ‘that meeting space’ before outgrowing it and moving to an exclusive use facility.
A fledgling singing group, and a woman’s networking group were supported before quickly outgrowing ‘that meeting space’ and moving to larger premises
The Nature and Art Friends, which meets weekly, is hosted and supported by GoodNews.
The Melksham Book Club and Melksham WI use that meeting space as their bases.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 3
GOODNEWS CHURCH, MELKSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
a. Constitution
Goodnews Church, Melksham CIO is a registered charity, number 1167992, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees on 31 May 2023 and signed on their behalf by:
John Francis Firth
Page 4
GOODNEWS CHURCH, MELKSHAM CIO
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent Examiner's Report to the Trustees of Goodnews Church, Melksham CIO ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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.
Signed:
Dated: 31 May 2023
Kolade Andrew Alli ACMA
10 Gatcombe Gardens West
End Hampshire SO18 3NA
Page 5
GOODNEWS CHURCH, MELKSHAM CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 38,967 38,967 44,416 44,416 (5,449) 51,984 (5,449) 46,535 |
Restricted funds 2023 £ 10,522 10,522 9,388 9,388 1,134 - 1,134 1,134 |
Total funds 2023 £ 49,489 49,489 53,804 53,804 (4,315) 51,984 (4,315) 47,669 |
Total funds 2022 £ 41,759 41,759 50,184 50,184 (8,425) 60,409 (8,425) 51,984 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 14 form part of these financial statements.
Page 6
GOODNEWS CHURCH, MELKSHAM CIO
BALANCE SHEET AS AT 31 MARCH 2023
| Fixed assets Note Current assets Debtors 7 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 9 Unrestricted funds 9 Total funds |
6,433 41,236 47,669 |
2023 £ - 47,669 47,669 47,669 47,669 1,134 46,535 47,669 |
5,047 46,937 51,984 |
2022 £ - 51,984 |
|---|---|---|---|---|
| 51,984 | ||||
| 51,984 | ||||
| 51,984 | ||||
| - 51,984 |
||||
| 51,984 |
The financial statements were approved and authorised for issue by the Trustees on 31 May 2023 and signed on their behalf by:
John Francis Firth
The notes on pages 8 to 14 form part of these financial statements.
Page 7
GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Goodnews Church, Melksham CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
1.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 9
GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3. Income from charitable activities
| 3. Income from charitable activities | |||||
|---|---|---|---|---|---|
| Unrestricted funds |
Restricted | Total Total |
|||
| General | funds | 2023 2022 |
|||
| £ | £ | £ £ |
|||
| Donations and offering | 31,276 | 0 |
31,276 28,910 |
||
| HMRC Gift Aid Payments | 6,546 | 0 |
6,546 5,047 |
||
| Other Giving | 179 | 9,872 |
10,051 4,651 |
||
| Other Income | 832 | 0 |
832 3,113 |
||
| Rental Income | 0 | 650 |
650 20 |
||
| Bank interest receivable | 134 | 0 |
134 18 |
||
| 38,967 | 10,522 | 49,489 41,759 |
Page 10
GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. Expenditure on charitable activities
| 4. Expenditure on charitable activities |
|||
|---|---|---|---|
| Unrestricted funds |
Restricted Total Total |
||
| General | funds 2023 2022 |
||
| £ | £ £ £ |
||
| Advertising | 0 | 0 0 21 |
|
| Children’s Ministry | 451 | 0 451 25 |
|
| Events | 0 | 0 0 113 |
|
| Gifts | 360 | 0 360 2,315 |
|
| Independent examiner's fee | 0 | 0 0 300 |
|
| Legal and professional fees | 1,706 | 0 1,706 1,576 |
|
| Ministries | 10,757 | 0 10,757 7,488 |
|
| Miscellaneous costs | 7 | 23 30 144 |
|
| Music and Sound Equipment | 5 | 0 5 110 |
|
| Phone | 0 | 180 180 100 |
|
| Rent | 0 | 6,000 6,000 3,574 |
|
| Repairs and renovation | 0 | 273 273 2,905 |
|
| Supplies & Equipment | 1,223 | 1,203 2,426 2,487 |
|
| Wages and salaries | 29,468 | 929 30,397 28,446 |
|
| Website and Internet cost | 439 | 780 1,219 580 |
|
| 44,416 | 9,388 53,804 50,184 |
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GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. Independent examiner's remuneration
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 300 | 300 |
6. Trustees' remuneration and expenses
During the year ended 31 March 2023, Mr John Francis Firth received remuneration of £ 29,468 (2022: £28,410 in relation to work carried out on behalf of the charity.
7. Debtors
| Due within one year Other debtors |
2023 £ 6,433 6,433 |
2022 £ 5,047 5,047 |
|---|---|---|
8. Financial instruments
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 41,236 | 46,937 |
Page 12
GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds Restricted Fund Total of funds |
Balance at 1 April 2022 £ 51,984 - 51,984 |
Income £ 38,967 10,522 49,489 |
Expenditure £ (44,416) (9,388) (53,804) |
Balance at 31 March 2023 £ 46,535 |
|---|---|---|---|---|
| 1,134 | ||||
| 47,669 |
Page 13
GOODNEWS CHURCH, MELKSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Restricted Fund Total of funds |
Balance at 1 April 2021 £ 60,409 - 60,409 |
Income £ 32,723 9,036 41,759 |
Expenditure £ (39,453) (10,731) (50,184) |
Transfers in/out £ (1,695) 1,695 - |
Balance at 31 March 2022 £ 51,984 - 51,984 |
|---|---|---|---|---|---|
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