TFWCHURCH Church Annual Review 2023124
From the Pastor Dear TFW Church Family, As we reflect on the past year, we 8re filled with gratitude forthe manyways God has blessed and guided our church family. Despite the challenges of life in the UK, 8s a church we have grown stronger in faith and fellowship. This annual reportfocuses on some of our key highlights. The need forstrong, vibrant, local churches has neverbeen greater There is a lot going on in ourworld. The need for strong, vibrant, local churches has never been greater. AtTFWwe wantto push forward with renewed passion, impacting ourtown, region, 8nd widerworld with the message of Christ. We all have a vitally important part to play inthis. Thankyou foryour unwavering support and dedication. Together, we continue to build a church that ambodies ourvision to love, gather, grow and live. With love. Steve (Senior Pastor) Tytherington Family Worship Church Annual Report 2023-2024 Pag8 2
From the Chair of the Trustees Dearfriends It is such a comfortth8twe can be reporting on another year of growth followingthe years of disruption brought by Covid. Lastyear's report was confident and encouraging and18m pleased thatwe have continued to growduringthe yearto March 2024. 1 b81ieve that growth has occurred notjust numerically but spirituallytoo; we have been scripturallyfed by our P8Stors and are growing in ourfaith. Attendance atTFW Church has increased markedly8nd that is reflected in the financial standing of the church. The trustees budgeted for an increase in givingwhich has been exceeded in reality, allowing the trustees to S8nction expenditure in the coming financial year on UPVC windowsto replace allthe wooden ones, and to invest in addition81 chairs. It is the financial support of the members which sustains this church, and thetrustees are grateful foryourf81thfulness. Thankyou ifyou have been able to covenant and GiftAid your donations: covenanting enablesthe leadership to plan effectivelyforthe future in terms of spiritual development, outreach and the maintenance ofthe fabric. and Gift Aid provides a significant amount of extra income yearon yearwhich is used as part of the church's (people and building) ongoing development. I referred lastyear to the rising costs of energy, and we are nowfacing up tothe full commercial cost of gas and electricity, having been protected for a longtime by ourfixed price agreements. Significant increases have been budgeted, butwe live byfaith and know how good God has been in blessing us as 8 church and trust Him thatthis will continue, as we respond to the prompting of his Spirit as we develop the Kingdom in this pl8ce. but we live by faith andknowhowgood Godhas been in blessing us as a church The leadership is hugely gratefulforthe armyof volunteerswho give uptheirtime to carry out the various activities which keep the church goingweek byweek. We have been blessed again by many new members this year and manyof them have 81ready been keen to be involved in the life ofthe church in so many differentW8ys. Thankyou alll One of ourtrustees, Fraser Penny, stepped down from this role in February. We 8re very grateful for his significant contribution, which will be greatly missed, and wish him every blessingforthe future. We are lookingforward to announcing new appointments duringthe next financial year. Once ag8in, we lookforward to an excitingfuture as we grow spiritually and broaden the work which God has prep8red for us to do. Every blessing Steve Clare (Chair of the Trustees) Tytherlngton FamilyWoi8hlp Church Annual Report 2023-2024 Page 3
TFW Church Vision Ourvision serves as a compass for ourjourney, enabling us to ev81uate everythingwe do and stayfocussed on our call. love our community gather around the good news ofjesus grow in ourfaith live to make a difference Here's howwe have been achieving ourvision in the pastyear... Connect @ TFW Ivtherington F8mllyWorship Church Annual Report 2023-2024 P8ge 4
Connect on Sundays We believe in the value of gatheringtogether. As a church familywe enjoygetting together to celebrate our Saviour and to encourage one another in ourfaith. We do this in a number ofways: TFW Church Sunday Services IIELCOME Our primary opportunityto gather is each Sunday at our 9am 8nd 11am services. We are incredibly blessed to have so many age groups represented in our church, from babies through to seniors. We really are a family. 194 average weekly attendance (increase of 11 % from lastyear) TFW Church Online Sunday seNices are livestreamed, primarilyforthose who cannot attend in person. We would always encourage in-person 8ttendancewhere possible, as there is something special th8t happens'in the room.'We never know howGod might use us to encourage someone else when we gather in-person. However, we continueto see the v81ue of livestreaming our services. Many new people have found our church online before attending in person. It also provides a v81uable link to those who are currently unwell, or away on holiday. Online: 10,000 Views Unique visitors: 3604 Subscribers to our YouTube channel grew 15 % Podcast: 20,897 downloads! Tytherlngton Familyworship Church Annual Report 2023-2024 Pagfj 5
Connect through the week TFW Church Connect Groups Thisyear has been a testament to the strength and vitality of our Connect Groups. Our community has expanded to include 166 mambers across thevarious Connect Groups, e8ch fostering fellowship and spiritual growth. Our 16 groups, includingthose dedicated to bible studies and prayer, aro united bythree core values: CARE: Providing mutual care and support. PRAYER: Upholding each other in prayer and sharingour spiritual needs. SHARE: Discussing ourfaith and life experiences openly. We 8re committed to ensuringthat every church memberfinds their place in a Connect Group. where they can grow, find SLtpport, and share life's journeywith others. While we celebrate our current successes, we recognize the ongoing need to motivate partlClP8tion, cultivate new leaders, and launch additionaigroups. We are committed to ensuring that every church member finds theirplace in a Connect Group A current challenge we f8ce is the shortage of leaders for new groups. We 8re eagerto exp8nd and invite those feeling called to lead to reach out to connectgroups@ttth.com. For those looking to join, the details of our existing groups are av8i18ble on Church Suite under'my Groups I Sign Up,. We encourage our members to takethis step and enrich their church experience by connectingwith others. Pete Dearden & Emma Thomas TFW Pray Together Our individual prayer life is crucial in everyone's walk of faith. In 8ddition, we pray regularly as a church and there's a weekly pr8yer meeting on Wednesdays, where we prayfor church, local, national and international issues 8nd events and for each other. Tytherlngton F8milyWorshlp Church Annual Report 2023-2024 Page 6
Connect through the year There are many events and activities, supporting us all in ourf8ith journey, that happen regularly throughout the year: Freedom in Christ helping people walk in freedom and fullness of life. Discover Courses & Newcomers Connect Evenings The Discover classes continue to run, and we have seen 10+ new members join TFWChurch after Discover Membership this 18St year. For those who h8vejust started attending, the Newcomers evening is a greatwayto meet other people and 81so meetthe elders and some Connect Group members to find out more about TFW Church. Men's and Ladies Breakfasts offeringfellowship and supportto each other, with great guest speakers Big Weekend 12"_14"May2023 Itwas greatto welcome Dave Flanders. speaking aboutthe Holyspirit. Tytherlngton FBmilyWorshlp Church Annual Report 2023-2024 Page 7
Connect through caring There is a huge 8mount of pastoralcare that goes on TFW Church, both visibly and behind the scenes. Pastoral care is undertaken by all of us- notjustthe Pastors, Connect Group Leaders and MinistryTeam Leaders, but by everychurch member. We are 811 called to showthat we are Jesus. disciples by loving others and this isvery evident atTFW Church. We are all called to show that we are Jesus, disciples by loving others This lastye8r, the pastoral care 8tTFW Church camevery much to the fore followingthe sad passing of three members of our church family. We also supported anotherfamilywho had tragically lost 8 young son. The whole church hasjoined together in providing ongoing practical support, prayers and loving care as well as supportingthe families at the funeral services. Connect Group leaders are available for those in ConnectGroups, Team Leadersforthose who havejoined a team, and the Elders and Pastors are all available whenever needed. We also have a dedicated VisitingTeam who lookto provide practlC81 help to complement the care provided by Connect Groups and MinistryTeams Ouraim is thatno-one in ourchurch family falls through the "care net" Ouraim is that no-one in our church familyfalls through the'care net" It may be thatthey are not in a Connect Group or in 8 MinistryTeam, or may need more help than their Connect Group orTeam can provide- or perhaps are simply struggiingto attend church because of 8ge or inf irmity. Aside from actually visiting people, the Visiting Team can plug gaps in situations such as bereavement, post-hospit8ltreatment & tr8nsport for appointments. Lyn Smith looks after the sending of flowerslfruit on beh81f ofthewholeTFW Church familyto people goingthrough e.g. bereavement, health difficulties, recuperation after 8 hospital stay or a generallytough time. We also celebrate the arriv81 of new babies and other special OCC8sions. Sylvia Mitchell has co-ordinated the VisitingTeam activities and we offer her our hugethanks, particularly as she is stepping down from this leadership role. Tytherlngton Familyworshlp Church Annual Report 2023-2024 Page 8
We continueto use the Echo prayer app which is 8 very useful Way of getting prayer requests outtothe wider church community 8nd we encourage 811 our members to use it. ecHO we are thankful that the TFWChurch family is one ofcare, love, encouragement and support There are many ministries 8tTFW Church that provide pastoral supportfor church members, not le8St Golden Memories. the ThursdayAfternoon Fellowship, Open Door Coffee Mornings and Coffee Mondays. These groups all provide a place to meet and care forthose that attend. We are all part oftheTFW Church family and we are thankfulthat this family is one of care, love, encouragementand support. Triheilngton Famllyworship Church Annual Report 2023-2024 Page 9
Connect through serving on a team One of our priorities atTFWChurch isto see as many people as possible offer their gifts and time to serve God. We 8re blessed by the enthusiasm. dedication, 8nd loving service of so many people. We want to say a huge thankyou to everyone who has played their part in servingthe vision of the church. Thankyou to everyone who has played theirpart in serving the vision Serving is an outward expression in response to God's love in our lives 8nd TFW members are encouraged to join a team and be involved in this way in the life ofthe church. Joining a team also brings more opportunities forfellowship, encouragement and support as we serve together. 118 members serve in one ormore teams Sound & Media Practical- grounds etc Adminloffice Freedom in Christ Worship Stewarding Refreshments Breakfasts Communion Golden Memories Hosting Alph8 Open Doors Finance TFW Kids &Youth and Juniors 10,000 hours were volunteered by 124 people (worth over£164,000) Tytherlngton Familyworshlp Church Annu81 Report 2023-2024 Page10
Connect••• Wlth children andyouth Kids &Youth We love our kids and youth atTFW Church. The younger generation have always been at the core ofTFW and is somethingwe wantto continue to prioritise and grow. We wantto take this opportunityto thank allthose that serve, help, lead. and pr8yforour young people. withoutyou itwould be impossible, so thankyou! We love our kids andyouth at TFWChurch TFW Kids and Juniors Over the last 12 months, Naama and Eleanor have been joined by Natalie in organising and leadingtheTFW Kidswork. They and the te8m of volunteers do 8 f8ntastic job providing brilliant kids work and events, such 88 the light party, throughoutthe year. This Easterwe loved seeingour kids share a song and Bible verse with us 8tthe 11am service. We've seen big growth in the number ofyoung kids attending on Sunday mornings which we praise God for and are excited forthe future. Bring the good news of Jesus to the kids and their families On Fridays Dave, Ruth and the team do a terrificjob runningjuniors, a group forthose in schoolyears 3-6. Thes8 are mainly kids from the Tytherington estate and not churchgoers. The Juniors vision is to bringthe good news ofjesus to the kids and theirfamilies. The sessions provide organised games, crafts, and refreshments and finish with a talkthat helps the children learn Bible truths and hearthat God loves them. TFW Youth One of the greatest privileges is seeingyoung people encounterjesus forthemselves. Each yearwe become more expect8nt forwhat God is doing in them and through them. We've seen young people invite theirfriends to youth, numbers grow8nd this yearwe launched ourfirst mission trip, with the olderyouth, to Amsterdam. This summerwe took another church's youth group with us to the annual summer camp. Dreamingthe Impossible, which was brilliant, 8nd we've really seen the young people grow in unity and love foreach other. Tytherlngton FBmilyWorshlp Church Annu81 Report 2023-2024 Pag811
Safeguarding at TFW Church Wetakethe safeguarding of ouryoung people, vulnerabLe adults and all leaders and helpers workingwith thern very seriously.Where required, our helpers and leaders complete a self- declaration form atthe outset ofthem starting on 8 team, and then they are required to undergo an Enhanced DBS check. Our policy and our policy statement have both been reviewed and wewillmake these available on ourwebsite and in Churchsuite. TheTFW Kids andYoutht8am and SLTwere offered safeguardingtrainingthlsyear. 31-8 delivered this online training and it was verywell received. We h8ve produced Safeguarding packswhich theTFW Kids and Youth team have all received. The TFW Kids and Youth te8ms have all signed Codes of Conduct. This process will be repeated at the 8t8rt of the next 8C8demic year. We now have a TFW Kldg and Youth inform8tion card which outlines what parentslcarers can expectfrom TFW Church. This wlll be distributed atthe start ofthe next academic year. TFW Kids and Youth sign in atthe startof the 11am service and are signed out at the end of their session. Dave R8y end Shelleysmith are theTFWSafeguarding co-ordinators, so if you have any questions or need to refer anythingat au, please Let either Shelley or Dave know. Their photos and contact details can be found on posters around the church building. Tyth8rlngton Fgmilyworship Church Annual Report 2023-2024 Page12
Connect••• Wlth our community Ourvision is to love our community. This meansthat everythingwe do must be motlV8ted by love. How do we define community? Our community is whereverwe are. It's the streetwe live on, the people we meet. and the places we work. This is where God has called us to show his love. Ourcommunityis wherever we are We also love our communitythrough our regular activities and outreaches where we can share the love of God. These various outre8ches provide opportunities to get involved, whetherthat be through prayer support orvolunteering. In 2023124we continuedwith many of our usual ministries and sawGod usingthese programs to help and reach m8ny. We thank God for all these ministries, in addition to the many other amazingoutreaches that t8ke place throughout the Macclesfield 8rea by other churches and organisations. Alpha introducing people to the Christian Faith. The courses were so wellsupported bythe guestswho attended each week, the Alpha team and the wonderful provision offood. Alpha Tytherlngton Familywoishlp Church Annual Report 2023-2024 Page13
Golden Memories offers supportto people sufferingwith dementia 8nd their carers. This group now runs monthly. It's growing, meeting a re8l need in our community. Open Doors Coffee Morning a monthly opportunityto meet and engage with local people. Foodbank Community Drop-off and Regular Donations we partnerwith Silk Life Foodbank. foodbank MACCLESFIELD TFW Church congregation members have started to give regular monthly donations to the FoodBank, of Semi-skimmed UHT milk and toilet rolls land TFW Church gives Fray Bentos pies) in response to the needs highlighted bythe FoodBank. Prayerwalking partneringwith other churches to cover ourtown in prayer. Treacle Market Outreach partnering with other churches to share God's lovo through activities and conversation. Light Party our H81loween alternative paty Christmas Carols by Candlelight and the Carols in the Carparkare both events that saw our local community come and share the Christmas story. as well as our Christmas morning service. Christmas invites were posted through the doors of everyone in Tytherington. Tytherington Famllyworshlp Church Annu81 Report 2023-2024 Page 14
Connect ••• Wlth our world We continued to support missions workfinanciallythrough our partner ministries in the UK and overse8s, as well as our commitmentto coverthem in prayer. Globally: lan & Hanna Spillman Peter & Lynette Teagie James & Hazel Farmer Rhona Marshall Nicholas Sillavan Jess Horton Daniel &Angel de Bruin Kisiizi Hospital. Uganda Friends International Logos Ministries Intern8tional Christian Relief uganda Japan Operation Mobilis8tion /MercyShips Youth With A Mission Locally: Hope in NE Cheshire UCB Silk Life Foodbank The Hope Centre Podcast Map Showing how far and wide people listen to the preaching at TFWChurch Google Trrherington Famllyworship Church Annual Report 2023-2024 Page15
Connect through our giving & finances Finance & Governance Charlty Detalls A Charitable Incorporated Organisatlon on 13th February 2017 Registered Address Tytherington Family Worship Church 17 Sandwlch Drive Tytherington Macclesfield SK10 2UD Charlty Number 1171583 Governance and Management Board of Trugte83 Steve Clare (Chalrl Fraser Penny (resigned 24" February 20241 Mike Smith Karenwilson Board of Elders Steve Parsons (Chairl Dave Ray Mike Smith Employed Staff Steve Parsons (Lead Pastor) Josh Thomas (Assistant Pastor) Helen Grout Ioperatlons Managefl Governlng Bodles The Board otTrustees is responsible forthe overall governance of the charlty. Recrultment and Tralnlng of Trustees The trustees are responsible forthe appointment of newtrustees. Newtrustees will only be appointed after due consideration is given to eligibility, personal competence and specialist skills. New trustees. when appointed. are inducted into the worklng of the charity bythe exlsting trustees. Rlsk Management The trustees have assessed the major rlsks to which the charlty Is exposed, in particularthose relating to the operations and flnance of the charity and are satisfied that systems are in pLac8 to rnitlgate the exposure to major risk. ReseNes Policy It is the policy of TFW to hold in r888rves the equlvalent of two months general running costs and an additional one month's salary costs. It is also our policy to hold an amount determined by demographics of the Income profile of the church. Our longer-term alm is to reduce dependence on the older group by encouraging increased giving In younger age-group5 byteaching and discipleship trainlng. This policywill be revlewed annually. Tytherington Famllyworship Church Annual Report 2023-2024 Page16
INCOMEAND EXPENDITURE FOR THEYEAR ENDED 31ST MARCH 2024 Nole 2024 2023 Income TOTAL TOTAL Regular Giving Grfis & Donatlons Interest Rec8ived Lettings Miscellaneous IncoTne Missionary Income Offèrings Outreach Events Youth Work 187,944 10,510 906 13,159 113 3,151 9,036 232 9,581 171,597 3,775 207 9,454 704 2,835 10,539 1,300 2,281 TOTAL INCOME 234.634 202,693 Expense Admin & Finance Fa¢iliiies Management Budding Works Outreach Events Misstonary Support Pastoral Care Staff Costs SerVes Teaching and Tralnlng Youth Work 4.351 37,817 3.516 17,863 2,519 40,102 911 112,254 6.651 2,120 16.145 2,330 34.029 98,678 7,979 3,160 7.3C TOTAL EXPENSES 222,870 175,710 NET INCOME 11,764 26,983 Note: R8Stitted funds are dealt wlth $¶t8ty under the Balance Sheot and dolaS>ed on page 20, and not r&cord8d In the Incom8 and expenditure. Tytherington FamllyWor8hip Church Annual Report 2028-2024 Page17
BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2024 TOTAL 2024 TOTAL 2023 Current Assets Current Account Petty Cash Special Int8rest Bearlng l*count Nèt Current Assets Current Llabllltles Credltors falling due within on8 year Long Torm Llabllltlos NET ASSETS 30.361 43.666 84.291 114,652 51,830 95N96 (7.393) 107,260 95,496 Repres8nted by: Reserves brought forward Net Incom8 95,496 11.764 68,573 26,923 Total Equlty 107,260 95.496 Funds R8Stricted funds Unreslricted funds 2024 1,033 106,226 107,260 2023 1.555 93.941 95,496 These accounts have been prepared in accordan wlth section 138 of the Charities Act 2011. Approved on behalf of the Trustees K.S. Clare- Chairman Tytherington Famllyworshlp Church Annual Report 2023-2024 Page18
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 Note Charlty 2024 2023 Net cash flow from operation activities 18,250 Cash flow from investing actlvlties Payments to acquirè tangible fixed assets Int8rest received 906 207 Net IncreaGel(docrease) in cash and cash equlvalents 19.156 Cash and cash equfvalents at start date 1 Aprll 2023 95,496 68,573 Cash and cash equlvalents at 31 March 2024 114,652 48.556 Cash and cash equivalents consists of: Cash at bank and in hand 114,652 48,556 Cash and cash equlvalents at 31 March 2024 114,652 TytherinEton Famllyworshlp Church Annual Report 2023-2024 Page19
The net assets of the Charity are divlded into Free Reserves that are available for the general purposes of the Charlty and Non-liquid Reserves that are tied up in fixed assets or are available only for restricted or designated purposes. At 31 h/Arch 2024 the liquid (free) reserves of the Charity amounted to £106,226 (2023 - £93.941). Other reserves tied up In fixed assets, restrlcted funds or designated funds totalled £1.033 (2023 - £1.555). An analysis of the net assets between the varh)us fvnds Is set out below. Restricted Funds Th6 analysis of th8 restricted funds aro as follows: Goldon MonK•rles Group General Total Balance at start of year Incoming resources Outgoing resources Balance at end of year 1.555 160 682 1,033 682 1,033 staff Costs 2024 2023 Salaries including on-costs Penslon costs 106,194 93,555 6,060 5,123 112 254 98,678 Number of stafF. Full time Part time TOTAL No employee oarned more than £60,000 pa Trustees Remunoration & Related Party Transactions Trust8es re-imbursement of expènses during the year £Nil (2023 - £Nil). No trustee or p8rson related to the ¢harity had any personal interest in any contract or transaction enierad into by the charity during the year (2023- £Nil). Tytherlngton Famllyworship Church Annu81 Report 2023-2024 Page 20
Reconciliation of net oxpenditure to net cash flow from operating acliv¢ties Note 1 2024 2023 Net expendlture for the year 11,764 26,983 In18rest receivable Depreciation tangible fixed assets (Increaseydecrease in debtors Increasel(decr&ase) in creditors (906) (207) 7,393 47,000 Net cash flow from operating activities 20,225 Note 2 Mlsslonary Glvlng 2024 2023 Kisiizi Hospital Pator Teagle Christian Relief Uganda Nicholas Sillavan Hope in North East Cheshire UCB J Horton J Farmer Dani81 de Bruin Food Bank- SilkLife Church Misc Giving TOTAL GIVING 12,CQO 10,852 3,000 200 300 180 3,040 2.220 4.529 151 3630 40,102 13,900 9,904 3.000 200 300 180 2,900 1.500 2.045 100 Tytherlnglon Famllyworshlp Church Annual Report 2023-2024 Page 21
TYTHERINGTON FAMILY WORSHIP CHURCH CIO INDEPENDENT EXAMINER'S REPORT TO THETRUSTEES OFTHERINGTON FAMILYWORSHIP CHURCH CIO I report on the flnanclal statements of the charity for the year ended 31 March 2021* Respertlve responslbllltles trustees and examlner The charlty's trustees are responsible for the preparation of the atcounts. The charlty's trustees conslder that an audit Is not requlred for thls year under sectlon 144121 of the Charities Act 2011 Ithe 2011 Act) and ihat an independent examinatlon Is needed. The charitsls Eross income exceeded £25,000 and l am qualified to undertake the examlnatlon being a quallfied Fellow Member of the A550ciation of Chartered Certified Accountants. It is my responsibllity to.. lil examine the financial statements under Section 145 Of the 2011 Act. lill to follow the procedures lald down In the general Dirertions Biven by the Charlty Commission undÈr sectlon 14515llbl of the 2011 Act,. and lili) to state whether partlcular matters have come to my attention. Ba$1$ of Independent examlner's report My examSnatlon was carried out in accordance wlth the general Directions glven by the Charity Commission. An examination Includes a revlew of the accounting records kept by the charlty and a comparison of the financial statements presented wlth those recc¢rds. It also include5 consideration of any unusual items or d15closures in the financial statements, and seeklng explanatlons from you as irustees concerning any such matters. The procedures undertaken do not provlde all the evidence that would be required in an audit and corisequently no oplnlon Is glven as to whether the financial statements present a 'true and falr view, and the report Is Ilmited to those matters set out in the next statement. Independent examlner's Statement Your aEtentlon Is drawn to the fact that the charlty ha5 prepared financial statements In accordance with Accountlng and reportSng L7y Charltles preparing their accounts In accordance with the Finan¢lal Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 in preference to the Accountlng and Reportlns by Charitle5'. Statement of Recommended Practlce issued on l April 2005 which is referred to In,th&extant regulations but has now been wlthdrawn. l understand that thls has been done in order for the financlal statements to prOVde a true and falr view in actordance with Generally Accepted Accountlng Practlce effectlve for reporting periods beginnlng on or after I january 2DI5. In connection with my èxamlnailon, no other matter except that referred to In the prevlous paragraph has ctsme to my attentlon.. lal whlch 8ive5 me reasonable cause to belleve that in any material respect the requlrements.. il to keep accounting records In accordance with section 130 of the 2011 Act. and lill to prepare financial statements which accord with the accoulltin8 records and comply with the aecountlng requlrements of the 2011 Act- have not been met or Ibl to which, in my opinion, attentlon should be drawn In order to enable a proper understanding of the financial statements to be reached. julian Ross FCCA 4 Canute Close Tytherington Cheshire SKIO 2JiT Dated
TYTHERINGTON FAMILYWORSHIP CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 A¢countlng pollcle$ Charlty Informatlon Triherington FamilyWor8hlp Church CIO 13 8 charitablo incorporated org0nS88tion in England and Wttles. The reglstered ottlce Ss Sandwich Drlve. Macclesfield. SK10 2UD. 1.1 A¢¢ountlngconventlon Ihe 8ccounts have been prepared In accordance with the charlty'8 Con3tltution. the CharitiesAct 2D11 and "Accounting and Reporting by Charitie8- Statement of Recommended Practice applicable to charltie8 preparlng thelr accounts In accordance wlth th& Rnanci81 Reportlngstandard applicable In the UK ond Republic ot Ireland IFRS 1021" las amended for accounting periods eommencingfiom 1 January 20161. The charity is 8 Publlc Benefit Entity as deflned by FRS 102. The chdrlty h88 taken advantage of the provision8 in the SORP forchÉrltles 8pplylng FRS 102 Update Bulletln 1 notto prepare a Statèment ofCBsh Rows. The flD8ncl8lstatsmentS 8re prepared in sterlln& whlch 18 the functionalcurrency ofthe charlty. Monetory amounts in these financlalstatements 8re roL¢nded lo the nearest £. The finen¢lal statements have bo8n prepared und8rtho hlstori¢81 cost convention, modified to Include the revaluation of freehold propertles and to include investment propertles and certaln f(n8ncial In8trum8nts 8t falr vale. The prlnclpal accountlng policies adopted ale 88t out below. 1.2 Golngcon¢ern At the tlme of Bpprovlngth8 fin8nclBI statements, thg trustses have a r08sonable expectatlonthot the charity has adequate resouTcesto ¢ontinu9 in op8iation816xlstence foTtho foreseeable future.Thusthetru8tee8 contlnue to adopt the golng concern b8sls of accounting in prep8rlng th8 financ181 statem&nts. 1.3 ChaTltablo funds Unre81Ilcted funds are 8V8i18ble for use at the dlscretion of the tYU8tees Irb furtherance of theirch8rlt8ble oblectlves unless the funds have been d88lgnatgd forother puip080$. 1.4 Incomlng rosources Inwme18 re¢ognlsed when the charityls legally entitled to it after any performance condition8 have been met, the arnourits cen bg measured reliably. and It Is probable that income witl be ieceSved. Cash don8tlons are recognised on receipt. Other donatlons aro recognised Llnce the charity h88 been notified of the donation, unless p8rformance ¢onditlons requlre d8ferro1 ofthe amount. Income tax recoverable Sn relation to donations r8ceived under Gift Ald or deeds of covenant Is re¢ogni$ed atthe tlm8 ofthe donatlon. Legacles 8re recogn188d on receipt or othe189 if the charlty has been notified of an Impending distribution, tho 8mount18 known. and recelpt18 eXPOCted. If the amount 58 not known. th8 legacy is treated as a contlng8nt osset. 1.5 Grants payable Grants pay8bl8 are accounted forwhen paid. Grants payable are poyments made to thlrd p8rti88 in the furtherance of thB charitsble objects of the chBrlty. 1.8 Resourcos expended Expendlture is accounted foron an accruals ba8ls and has been classified under headlngs that aggregate ail cost relatingto that category. Where costs cannot be dlrectlyattributed to P8rtl¢ul8r headings they have been allocated to Bctivities on & basls conslstent with the use of re80uices. Tytherlngton Famllyworship Church Annual Report2023-2024 po 23
TYfHERINGTON FAMILYWORSHIP CHURCH CIO NOTESTO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 1 Accountlng poU¢lo8 Icontlnued) 1.7Ti$8tment ol a85gt$ The ch8rlty do98 not h8V8 8 fSx8d asset reSter and 8ccountsfor all assets In the y88rtheywere purchased. As Such no as88ts are shown Inthe boiance she8t. 1.8 Flxed 8888t Investment$ Fixed asset Investments are initially measured attransactlon prlce excludingir8nsaction cost8. and are subsequently mBasured atfalrvalue at each reporting date. Changes in faiT value are recognlsed in net incomellexpenditurel for the year. Transactlon cost8 are expenstsd as incurr8d. A subsldiary Is an ontity controilftd bythe charlty. Control is the powerto govein the fin2ncl81 and operating policies of the entlty 80 88 to obtain bon8flt8 from Its activltles. 1.9 Imp81mnI of fixed 9$8ets At each reporting end d8te, the charity reviews the carrying Bmounts of ltstangible assets to detefmine wh8ther theie18 any indlcaiion th8tthose assets have suffered an Impgirment108s. If any such Indlcation exlst8. th8 Tecoverable arnount of the asset Is estlm8ted In order to determine th8 extent of the Impairmgnt loss Ilf anyl- 1.10 Cash and ca$h oqulvalents Ca8h and cash equlv8lents include cash in hand, dep081t8 held at callwlth banks, other8hort-term Ilquld Investment8 wlth origlnal maturiti6s of thre8 months or les8. and bank overdrafts. Bankoverdraft8 are shown within borrowlngs In current Ilabilitl88. 1.11 Flnancla¢ Instruments The charlty h8s elected to applythe provlslons of Sectlon 11 'Basic Financial In8truments' and S8Ctlon 12'0ther Fin8ncl81 In8truments Issues, of FRS 102 to all of Its financlal Instruments. Flnancial Instruments 8re recognlsad In the charlty8 b81ance sheetwhen the charity becom8S Porty to the contraclLtal provlsion8 of the instrument. Fln8nclal assots and Ilabllities are offset, wlth the net amounts presented In thefinancial statements, when there Is a legally enforceable rlghtto set off the recognlsed amounts and there is an Intention to settle on a net bas18 or to r8ali88 the osset and settle the liabillty 8lmultsneously. Baslc flnanclal a¥s•ts B88ic flnanclal assets, whlch Include debtor8 and cosh and bank balances, Are Inltlally measured attransaction price including transactlon costs and are sub8equentlycorrl8(18t amortised cost uslng the eff8Ctlve Interest method unless th8 0rr8ngement constitut88 a flnancingtran8actlon, wher8 the transaction is me88urod 8t th8 present value of the future r8celpts discounted at a market rat0 01 Inter8st. Flnanclal assets clgsslfled 88 receivabl8withln one year are not 8mort188d. Ba$lc financ181 llabllltlgs B8sic financlal Ilabilities, Includlng creditor8 and bank loans Ère Init1811y recognised at tran8a¢tlon price unloss the arrangem8nt constitut68 a fin8ncing transactlon, where the debt Instrument Is measured Bt the present value of the future payments di8counted at a market rate otlntere8t. Flnancial liabllltl88 classified as payable wlthin one yaar are not Bmortl8tsd. Debt Instruments 8re subsequentlycarrl8d at amortised cost, uslngthe eff8ctiV8 intere8t rats method. Tytherlndton FamllyWor8hlp Church Annual Report 2023-2024 Page 24
TYfHERINGTON FAMILYWORSHIP CHURCH CIO NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 A¢¢ountlngpoilcle8 IContlTrued) Tradg ¢redltors are obligalions to pay forgood8 or servlcesth8t have been acquired in the ordlnarycourse of OP8r8tions from suppll6rs. Amounts payable 8re classified as currant Ilabilities if payment Is due wlthin oneyoer or less. If not. they are resented as non-current118bllltles. Trade Creditors are recognlsed initially att18n88Ctlon prlce and Subsequently measured at 8mortised c08t usingthe effective Interest method. O•rncoqnltlon of fin•n¢lal Uabllltlès Finenclal Ilabilitles Bre derecognI86d when the charlty* contra¢tuolobLigation8 explro orare discharg6d or ?ncelled. 1.12 Empi¢yee beneflts The cost of any unused hoLlday entltlem8nt is recognlsed in the period In whlch the employ8e's servlc68 are recelved. Termlnation beneflt8 are recognise(J Immedlately as on expense when the charity is demonstrably committed to termin8te the employment of gn employee or to provide terrnin8tlon benefits. 1.13 Retlromant beneflts Paymentg to defined contrlbutlon retirement b8n8flt schemes gre charged as 8n expen8e as theyfall due Tytherfngton Famllyworship Church Annu81 Report 2023-2024 Page 25