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2024-03-31-accounts

Report of CCE activities – Year ending 31 March 2024

CCE weekly meetings continue in a regular rhythm with a few new additions, and our building continues to be hired by a number of community organisations.

A new Senior Leader was appointed in May.

Our Sunday meeting rhythm continued with relaxed, accessible services following a monthly pattern which includes one Sunday of the month when we joined with our sister church in the Synergy Network, at Isca in Exeter. Themed Multigenerational services with a range of activities for all ages were introduced once a Quarter.

Eating together has been an important part of our meetings and we have held a number of social gatherings throughout the year. We continued to use Zoom for online midweek prayer meetings and Bible studies.

Our regular Monday morning “Renew Axis” (“a quiet café-style space where it’s OK not to be OK”) continued to operate successfully with a new manager starting in September.

On Remembrance Sunday we offered free coffee and cakes after the town’s open-air service, and raised money in support of the Royal British Legion.

In the build up to Christmas, we joined with other churches in Exmouth to provide a family Christmas event in a marquee in the town centre.

We continued to support Open Door Exmouth, both through volunteers and financial donations, and continued to support Exmouth Food Bank with regular financial donations.

We continued our long-term letting arrangement of the upstairs of the Axis Centre with a local organisation supporting children and young people who are challenged by mainstream education.

COMMUNITY CHURCH EXMOUTH

FINANCIAL STATEMENTS

FOR THE

YEAR ENDED 31 MARCH 2024

CHARITY NO: 1169245

COMMUNITY CHURCH EXMOUTH

Financial Statements

Year Ended 31 March 2024

CONTENTS PAGE
Officers and Professional Advisors 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5
Report of the Independent Examiner 10

COMMUNITY CHURCH EXMOUTH

Officers and Professional Advisors

The Trustees Phillip Rogers
Mark Gayler
Michael Byrne
Mary Byrne
Administrator Mark Gayler
Address The Axis Centre
7/9 Market Street
Exmouth
Devon
EX8 1HP
Bankers Santander
Bridle Road
Bootle
Merseyside
G1R 0AA
Independent Examiner Martin Woolcott

2

COMMUNITY CHURCH EXMOUTH

Statement of Financial Activities

For the year ended 31 March 2024

Note
Incoming Resources
Donations and offerings
Fund Raising Events
Grants
Gift Aid Tax recovered
Use of premises
Donated goods, facilities and services
Miscellaneous
Total incoming resources
Resources Expended
Church expenses
2
Outreach expenses
2
Donations
3
Total resources expended
Net incoming resources
Total funds brought forward
Unrestricted
Funds
£
15,822
0
0
1,330
4,948
0
0
22,100
10,532
7,529
2,400
20,461
1,639
478,330
479,969
Restricted
Income
Funds
£
0
0
0
0
0
0
0
0
Total
2024
£
15,822
0
0
1,330
4,948
0
0
22,100
10,532
7,529
2,400
20,461
1,639
478,330
479,969
Total
2023
£
20,276
0
0
2,551
4,980
0
0
27,807
17,289
11,726
3,075
32,090
(4,283)
482,613
478,330

3

COMMUNITY CHURCH EXMOUTH

Balance Sheet

As At 31 March 2024

Note
Fixed Assets
Tangible Assets
5
Total fixed assets
Current Assets
Unrestricted
Funds
£
454,977
454,977
Restricted
Funds
£
0
0
Total
2024
£
454,977
454,977
Total
2023
£
455,957
455,957
Debtors 2,000 2,000 2,157
Short term deposits
Cash at bank and in hand
Total current assets
Creditors - amounts due within one year
Net current assets
Net assets
Income Funds
Restricted Funds
7
0
22,992
24,992
0
24,992
479,969
0
0
0
0
0
0
22,992
24,992
0
24,992
479,969
0
0
20,216
22,373
0
22,373
478,330
0
Unrestricted Funds 479,969
479,969
0 479,969
479,969
478,330
478,330

The notes on Pages 5 to 9 form part of these accounts.

Approved by the trustees on 6 November 2024 and signed on their behalf by:

Mark Gayler

Philip Rogers

4

COMMUNITY CHURCH EXMOUTH

Notes to the Accounts

For the year ended 31 March 2024

1. Accounting Policies

(a) Basis of accounting

These accounts comply with the Charities Act 2011 and with Accounting and Reporting By Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS 102) except for the depreciation policy shown below.

(b) Change in basis

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

(c) Changes to previous accounts

No changes have been made to accounts for previous years.

(d) Incoming Resources

Income is recognised when received by the Charity. Income Tax recoverable is calculated on gift aid income actually received.

Volunteer help: - the value of any voluntary help received is not included in the Accounts.

(e) Expenditure and Liabilities

Liability recognition: - Generally liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure.

(f) Assets

Tangible fixed assets: - These are capitalised if they can be used for more than one year, and cost at least £250. Freehold land and buildings are valued at their insurance value, and may be revalued periodically. Equipment will be valued at cost or a reasonable value on receipt. The charity does not have a policy of revaluation for equipment.

Depreciation: - Freehold Land & Buildings are stated at insurance value without depreciation as the charity would not fund any replacement out of retained reserves. Equipment and Vehicles are depreciated at 25% per year on the decreasing value

5

COMMUNITY CHURCH EXMOUTH

Notes to the Accounts

For the year ended 31 March 2024

2. Expenditure

Fees for examining the accounts: None

Analysis of resources expended

3. Church Expenses
Subscriptions
Books and conferences
Visiting speakers
General expenses
Maintenance of equipment
Maintenance of building
Cleaning
Light, heat and water
Legal Expenses
Telephone
Insurance and licences
Depreciation
Outreach Expenses
Staff costs
Other Support Costs
Children's Work
Italy (Verbania) Mission
Renew
Depreciation
General expenses
General
Funds
2024
£
586
663
0
580
75
548
2,195
2,927
0
533
1,446
979
10,532
5,478
0
145
1,000
530
0
376
7,529
Restricted
Funds
2024
£
0
0
0
0
0
0
0
2023
£
456
0
0
344
131
9,992
1,996
2,142
0
417
1,627
184
17,289
2,241
685
0
7,850
818
0
132
11,726
Donations
Donations to institutions
Donations to individuals
2,400
0
2,400
0 3,075
0
3,075

6

COMMUNITY CHURCH EXMOUTH

Notes to the Accounts

For the year ended 31 March 2024

4. Trustees and other related parties

None of the trustees received any expenses nor were there any related party transactions with them.

5. Tangible Fixed Assets

Cost
at 1 April 2023
Disposals
Additions
at 31 March 2024
Depreciation
at 1 April 2023
On disposals
Charge for year
at 31 March 2024
Net Book Value
at 31 March 2024
at 31 March 2023
Freehold Land
and Buildings
£
454,844
454,844
0
0
454,844
454,844
Equipment
£
3,917
0
0
3,917
2,805
0
979
3,784
133
1,112
Total
£
458,761
0
0
458,761
2,805
0
979
3,784
454,977
455,957

6. Restricted Income Funds

No Restricted Income funds were maintained in 2023/24

7

COMMUNITY CHURCH EXMOUTH

Notes to the Accounts

For the year ended 31 March 2024

7. Movement of Restricted Income Funds

No restricted income funds were maintained in 2023/24

8. Analysis of Net Assets by Funds

Restricted Funds
General Fund
Total incoming resources
Tangible
Fixed Assets
£
0
454,977
454,977
Net Current
Assets
£
0
24,992
24,992
Total
£
0
479,969
479,969

8

COMMUNITY CHURCH EXMOUTH

Notes to the Accounts

For the year ended 31 March 2024

9. Declarations

(a) Adequacy of assets to meet fund restrictions

Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with the restrictions imposed.

(b) Change in year end

The trustees have not changed the year end date nor the length of the charity's financial year.

(c) Designated funds

The charity does not have any designated funds.

(d) Discontinued, continuing and acquired operations

All the charity's operations are continuing operations and there were no operations discontinued or acquired during the year.

(e) Funds in deficit

No funds are in deficit at the balance sheet date.

(f) Inalienable or historic assets

The charity has no assets at the balance sheet date classed as inalienable or historic.

(g) Intangible assets

The charity has no intangible assets

(h) Inter-fund loans

There were no inter-fund loans outstanding at the balance sheet date.

(i) Revaluations

None of the charity's functional fixed assets have been revalued during the year and the charity does not have a policy of revaluation of these assets.

(j) Subsidiaries

The charity has no subsidiary companies.

(k) Uncapitalised fixed assets

The charity has no material fixed assets which have not been capitalised and included on the balance sheet.

9

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF COMMUNITY CHURCH EXMOUTH

I report on the accounts of the Charity for the year ended 31 March 2024 which are set out on pages 1 to 9

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention from the papers provided:

have not been met; or

14 November 2024

Martin Woolcott ACIB AAT 33 Kittersley Drive Liverton Newton Abbot TQ12 6YX

10