REGISTERED COMPANY NUMBER: 10528030 (England and Wales) REGISTERED CHARITY NUMBER: 1172339
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
REVIVAL CHURCH, BILLERICAY
REVIVAL CHURCH, BILLERICAY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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).
The year ending March 2024 has been a year of opportunities for Revival Church Billericay. It has been a year in which we have seen the goodness of God manifest in so many situations and in so many individuals' lives.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our main objectives for the year ending 31st March 2024 continued to be:
1. The advancement of the Christian faith
Strategies: In-person and online teaching in both small and large groups.
2. Christian Education
- Strategies: Small groups meeting online and in-person, Sunday teaching and other events with Christian speakers.
3. The relief of people suffering (hardship or sickness and the distress caused by it) Strategies: Pastoral care, giving to other charities that support the relief of suffering e.g. Maoz Israel and Open Doors. Expanding the work of Baby Basics Billericay in our community and using the Relief Fund to pro vide financial assistance for those in the church family and connected to it who have financial c hallenges. Healing Rooms @ Costa operated until August 2023.
4. Supporting other community facilities and provisions
- Strategies: Supporting Billericay Street Pastors, Schools Ministry Billericay, Schools Pastors and Billericay Foodbank, Baby Basics Billericay.
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
We have actively supported the work of Billericay Street Pastors, with individuals in the church volunteering time on Friday evenings and in prayer.
We have also supported the work of Schools Ministry Billericay financially, prayerfully and in individuals from the church volunteering their time to support this work.
We have actively supported the work of Schools Pastors at The Billericay School and Mayflower School by individuals volunteering to be part of the project and in prayer.
We have supported Billericay Foodbank with individuals from the church volunteering to support the distribution of food to needy families in our surrounding area.
The Baby Basics Billericay project has seen a large increase in referrals in the last 12 months. This is as a result of a widening group of referrers and the cost-of-living crisis that the nation is currently experiencing.
Healing Rooms @ Costa in Billericay continued until August 2023 to provide an opportunity for anyone from the community to come and get prayer from the interdenominational team on a Wednesday afternoon.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities.
ACHIEVEMENT AND PERFORMANCE Charitable activities Sunday Mornings
We continue to meet at the Chantry Centre in Billericay on a fortnightly basis. We have five age-specific groups for children and young people after our corporate time of worship. Where possible, the adults and children follow the same teaching theme.
Members of the church family also have the opportunity to be part of a small group (Connect Groups) and there is also a group for the young people to connect once a month.
The Connect Groups aim to meet on the alternative weeks when we are not gathering at the Chantry Centre. Throughout the year we have had several external speakers at the Chantry Centre.
Page 1
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Congregational activities
Our Sunday morning gatherings at the Chantry Centre continue to be a focal point for the church family. We have seen numerous visitors over the year and many of them have become part of the church family. The majority of the teaching is done by leaders within the church family but we have also had others speaking including Tim Dieppe from Christian Concern and Greg O'Dell from South Africa.
In October we invited Mark Arnold from Urban Saints to lead a training afternoon on making church accessible for those with additional needs. This was open to all the children and youth leaders as well as parents. It was a really helpful afternoon and one of the actions taken was to appoint an additional needs champion in the life of the church.
The children and youth leaders meet every term with the senior pastors. The sessions are really helpful to share ideas, pray and envision the team.
The Connect Groups continue to meet to facilitate building up of relationships and support through prayer. New people joining the church have been assimilated into the existing groups.
The senior pastors have led Connect Group Leaders' meetings every three months to facilitate the sharing of what is working well in the groups and to pray for and encourage the leaders. The Connect Group leaders have also been assigned a senior leader who they meet with on a regular basis to support and strengthen their leadership.
Senior Pastors, Jane and Andy Robb, meet with the church's Key Leaders on a regular basis to strategise, pray and plan events.
Regarding the prayer life of the church, there is a regular monthly online prayer gathering.
Revival Church Billericay has also continued to lead the Love Billericay prayer initiative this year. There is a monthly prayer gathering at the Chantry Centre that is advertised to all the churches in the town. It provides an opportunity for all the Christians in the town to gather and pray for the town and God's plans and purposes.
There was a group that studied the book of Revelation using material produced by Derek Walker lead pastor of Oxford Bible Church. The group of up to ten people met fortnightly over eleven months.
In May we had an amazing time at Mayflower High School pool where four people were baptised. This was followed by a picnic at Lake Meadows.
We held a Church Day Out in July 2023 that created a great opportunity for the church family to gather in the beautiful surroundings of Pilgrims Hall. It was a fun day with plenty of opportunities for connection. There were organised craft activities for all and after a picnic lunch everyone participated in team games. The Revive Spiritual Spa team were also there to showcase to the church family what the ministry involves and also minister to those who were there.
There have also been other opportunities throughout the year for the church family to meet socially including a family event held in November to celebrate the church's 11th birthday. Steve Legg, a Christian comedian, provided entertainment after the church family had enjoyed a bring-and-share tea together.
During the year we held two prophetic training events that were open to the church family.
In the summer a number of parents attended a Care for the Family parenting course for teenagers. This was led by Andy and Jane using the online material provided by Care for the Family. The feedback from those who attended was very encouraging and we will definitely use this material again.
Throughout the year the pastoral support of individuals in the church has continued on a one-to-one basis as needed.
The Relief Fund continues to provide small financial gifts to those in need.
Page 2
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE Community / Outreach Activities
We have continued to support the work of Billericay Street Pastors in the past year. Several individuals from Revival Church Billericay are actively involved in this. The work of Street Pastors is much valued and appreciated by the town.
Our support of Schools Ministry Billericay and School Pastors has also continued this year, both financially and prayerfully.
As mentioned previously, Baby Basics Billericay has continued to grow over the last 12 months, and donations from our local community have enabled us to help many mothers in need. We have had really encouraging feedback from the midwives, health visitors, social workers and other professionals who use our service. From April 2023 to March 2024 Baby Basics has supported 109 children. From September a Project Coordinator Role was funded 1 day a week for 12 months via a grant from Essex Community Foundation. This role has enabled more grants to be applied for and greater community contacts to be made. Two new volunteers have been added to the team this year. Despite the increased rate of referrals there have always been sufficient donations and funds to provide what is needed for every referral.
Healing Rooms @ Costa in Billericay is another outreach initiative of the church. This operated until August 2023. The team are mainly from Revival Church Billericay, but other Billericay churches are also represented.
The Revive Spiritual Spa has ministered at several events throughout the year, including Billericay Summerfest, The Love Essex event in Southend, the Christmas Market in Billericay, the Spirit, Soul and Wellbeing Festival in Ramsden Health, two Care4Calais meetings, a wellbeing event led by Schools Ministry in Billericay for a local schools' staff and RCB Church Day Out.
In December 2023 Revival Church Billericay signed a sub-lease agreement with Billericay Street Pastors for 10 The High Street, Billericay. Renovation work has been underway since January 2024, and we are aiming for a launch date of June 2024. The Centre will be used as a base for weekday events for the church such as prayer and worship meetings, small group meetings, as well as outreach activities for our local community. Also, in January 2024, it became the new home for the church office and Billericay Baby Basics. On 4th April 2024 8-10 High Street Billericay was the subject of an arson attack. The fire caused significant damage to the church office and Billericay Baby Basics. The space that the church had been renovating was relatively unaffected by the fire except for minimal smoke damage that will be dealt with by the landlord's deep clean of the building. The landlord has provided temporary accommodation for Billericay Baby Basics and the church office in a vacant office on the first floor of the building. This has enabled the work of Billericay Baby Basics to continue unaffected and similarly the church office is functioning as before.
The landlord's building insurance is covering the cost of the building repairs required, Revival Church Billericay's contents insurance is covering the cost of the stock and contents that were damaged by the fire.
Whilst the fire at the High Street premises has delayed the initiation of some new projects it has not impacted the current activities of the church in a negative way. There has been tremendous support from both local churches and the community and has increased awareness of the work of Revival Church Billericay.
Sunday morning gatherings remain unaffected as these occur in a different building.
Page 3
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW Financial position
Banking and bookkeeping were carried out by Susan Cormack during the year.
We have maintained a healthy financial position during the past twelve months that we are very grateful to God for. The closing balance of the Revival Church Billericay bank account on 31st March 2024 was £76,133.
Of that, £12,369 was designated for Baby Basics Billericay. The monies held in the church Building Fund account with Kingdom Bank was £24,415.
Revival Church Billericay has a Finance Policy and a Reserves Policy.
It was agreed at our Trustees meeting in January 2024 that the level of reserves should be increased to £14,000. This is three months' running costs for Revival Church Billericay.
Principle Funding Sources
Currently, funding comes primarily from personal donations to the church, supplemented by monies recovered from HMRC under the Gift Aid scheme.
Grants that have been applied for by Baby Basics are designated as restricted funds for their use only.
The monies for the renovation work have moved from the Kingdom Bank account. These monies were restricted for use for buying or renovating a building.
FUTURE PLANS
In the coming year we plan to continue supporting Billericay Street Pastors, School Pastors, Schools Ministry Billericay and Billericay Baby Basics.
We will continue to build relationship with the other churches in the town and to support the work of Churches Together in Billericay.
The launch of the premises in Billericay High Street in collaboration with Billericay Street Pastors will be in June 2024. This space will provide many opportunities for Revival Church Billericay to bless the town.
In the coming year we are looking forward to new opportunities to minister God's love and power in our community and region.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is is governed by its Memorandum and Articles of Association and constitutes a Limited Company limited by guarantee, as defined by the Companies Act 2006.
Organizational structure
Andy and Jane Robb are the Senior Pastors of Revival Church Billericay and are supported specifically by five Key Leaders. It's trustees are: Colin Plank, Keith Bilton, Linda Norton, Andy Robb and Jane Robb.
Keith Bilton has been acting as Company Secretary during the past 12 months.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
10528030 (England and Wales)
Registered Charity number
1172339
Registered office
8-10 High Street BILLERICAY CM12 9BQ
Page 4
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr C A Plank Chartered Surveyor Mr A K Robb Senior Pastor Mrs J A Robb Senior Pastor Mr K Bilton Mrs L Norton
Company Secretary
Mr K Bilton
Independent Examiner
C. M. Tams F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Revival Church, Billericay for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs J A Robb - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REVIVAL CHURCH, BILLERICAY
Independent examiner's report to the trustees of Revival Church, Billericay ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
C. M. Tams F.C.A
Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
Date: .............................................
Page 6
REVIVAL CHURCH, BILLERICAY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 93,880 Investment income 2 - Other income 775 Total 94,655 EXPENDITURE ON Charitable activities Core 78,586 NET INCOME 16,069 Transfers between funds 11 13,978 Net movement in funds 30,047 RECONCILIATION OF FUNDS Total funds brought forward 44,039 TOTAL FUNDS CARRIED FORWARD 74,086 |
Restricted funds £ 19,247 558 - 19,805 11,576 8,229 (13,978) (5,749) 42,533 36,784 |
31.3.24 Total funds £ 113,127 558 775 114,460 90,162 24,298 - 24,298 86,572 110,870 |
31.3.23 Total funds £ 80,521 142 50 |
|---|---|---|---|
| 80,713 | |||
| 80,042 | |||
| 671 - |
|||
| 671 85,901 |
|||
| 86,572 |
The notes form part of these financial statements
Page 7
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
BALANCE SHEET
31 MARCH 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 11,028 CURRENT ASSETS Debtors 9 2,609 Cash at bank 63,764 66,373 CREDITORS Amounts falling due within one year 10 (3,315) NET CURRENT ASSETS 63,058 TOTAL ASSETS LESS CURRENT LIABILITIES 74,086 NET ASSETS 74,086 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 36,784 36,784 - 36,784 36,784 36,784 |
31.3.24 Total funds £ 11,028 2,609 100,548 103,157 (3,315) 99,842 110,870 110,870 74,086 36,784 110,870 |
31.3.23 Total funds £ 553 3,948 84,052 88,000 (1,981) 86,019 86,572 86,572 44,039 42,533 86,572 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs J A Robb - Trustee
The notes form part of these financial statements
Page 8
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or over the lease term, whichever is shorter.
| Improvements to leasehold property | - | 33% straight line |
|---|---|---|
| Plant and machinery | - | 20% straight line |
| Fixtures and fittings | - | 20% straight line |
| Computer equipment | - | 33% straight line |
The charity has a policy to capitalise assets in excess of £250.This will be reviewed by the Trustees on a yearly basis.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 9
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Deposit account interest | 558 | 142 | |
| 3. | GRANTS PAYABLE | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Core | 16,258 | 15,375 | |
| The total grants paid to institutions during the year was as follows: | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Giving to Network | 4,025 | 5,753 | |
| Christian Concern | 900 | 900 | |
| Maoz Israel | 4,937 | 3,000 | |
| School Ministry Billericay | 2,400 | 2,400 | |
| Other institutions | 1,100 | 1,915 | |
| 13,362 | 13,968 | ||
| The total grants paid to individuals during the year was as follows: | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Other indviduals | 2,896 | 1,407 | |
| 4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Independent examiners fee | 979 | 913 |
| Other accountancy services | 2,373 | 1,389 |
| Depreciation - owned assets | 1,566 | 1,147 |
5. TRUSTEES' REMUNERATION AND BENEFITS
The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees during the year
| 31.03.2024 31.03.2023 |
31.03.2024 31.03.2023 |
31.03.2024 31.03.2023 |
31.03.2024 31.03.2023 |
31.03.2024 31.03.2023 |
|---|---|---|---|---|
| £ £ |
£ | £ | ||
| A. Robb J. Robb |
Total | Total | ||
| Trustees' salaries | 19,188 | 16,523 | 35,711 | 31,200 |
| Trustees' social security | - | - | - | - |
| Trustees' pensions | 576 | 496 | 1,072 | 936 |
| 19,764 | 17,019 | 36,783 | 32,136 |
Any Trustees salaries relate to employment services provided and are not remuneration for services as Trustees.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 10
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.24 | 31.3.23 |
|---|---|
| 2 | 2 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 69,618 10,903 Investment income - 142 Other income 50 - Total 69,668 11,045 EXPENDITURE ON Charitable activities Core 76,610 3,432 NET INCOME/(EXPENDITURE) (6,942) 7,613 RECONCILIATION OF FUNDS Total funds brought forward 50,981 34,920 TOTAL FUNDS CARRIED FORWARD 44,039 42,533 TANGIBLE FIXED ASSETS Improvements to Fixtures leasehold Plant and and Computer property machinery fittings equipment £ £ £ £ COST At 1 April 2023 - 4,505 935 2,421 Additions 11,316 725 - - At 31 March 2024 11,316 5,230 935 2,421 DEPRECIATION At 1 April 2023 - 4,022 901 2,385 Charge for year 928 568 34 36 At 31 March 2024 928 4,590 935 2,421 NET BOOK VALUE At 31 March 2024 10,388 640 - - At 31 March 2023 - 483 34 36 |
Total funds £ 80,521 142 50 80,713 80,042 671 85,901 86,572 Totals £ 7,861 12,041 19,902 7,308 1,566 8,874 11,028 553 |
Total funds £ 80,521 142 50 |
|---|---|---|
| 80,713 | ||
| 80,042 | ||
| 671 85,901 |
||
| 86,572 |
8. TANGIBLE FIXED ASSETS
Page 11
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Tax 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors 11. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 44,039 Restricted funds Building Fund 33,857 BabyBasics 8,676 42,533 TOTAL FUNDS 86,572 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Building Fund BabyBasics Other Restricted Fund TOTAL FUNDS |
Net movement in funds £ 16,069 658 7,571 8,229 24,298 Incoming resources £ 94,655 658 17,210 1,937 19,805 114,460 |
31.3.24 31.3.23 £ £ 1,455 2,871 1,154 1,077 2,609 3,948 31.3.24 31.3.23 £ £ 799 642 2,516 1,339 3,315 1,981 Transfers between At funds 31.3.24 £ £ 13,978 74,086 (10,100) 24,415 (3,878) 12,369 (13,978) 36,784 - 110,870 Resources Movement expended in funds £ £ (78,586) 16,069 - 658 (9,639) 7,571 (1,937) - (11,576) 8,229 (90,162) 24,298 |
31.3.24 31.3.23 £ £ 1,455 2,871 1,154 1,077 2,609 3,948 31.3.24 31.3.23 £ £ 799 642 2,516 1,339 3,315 1,981 Transfers between At funds 31.3.24 £ £ 13,978 74,086 (10,100) 24,415 (3,878) 12,369 (13,978) 36,784 - 110,870 Resources Movement expended in funds £ £ (78,586) 16,069 - 658 (9,639) 7,571 (1,937) - (11,576) 8,229 (90,162) 24,298 |
|---|---|---|---|
| 8,229 | |||
| 24,298 |
Page 12
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.22 | in funds | 31.3.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 50,981 |
(6,942) | 44,039 |
| Restricted funds | ||
| Building Fund 33,715 |
142 | 33,857 |
| BabyBasics 1,205 |
7,471 | 8,676 |
| 34,920 | 7,613 | 42,533 |
| TOTAL FUNDS 85,901 |
671 | 86,572 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 69,668 |
(76,610) | (6,942) |
| Restricted funds | ||
| Building Fund 142 |
- | 142 |
| BabyBasics 10,903 |
(3,432) | 7,471 |
| 11,045 | (3,432) | 7,613 |
| TOTAL FUNDS 80,713 |
(80,042) | 671 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.22 | in funds | funds | 31.3.24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 50,981 | 9,127 | 13,978 | 74,086 |
| Restricted funds | ||||
| Building Fund | 33,715 | 800 | (10,100) | 24,415 |
| BabyBasics | 1,205 | 15,042 | (3,878) | 12,369 |
| 34,920 | 15,842 | (13,978) | 36,784 | |
| TOTAL FUNDS | 85,901 | 24,969 | - | 110,870 |
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REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
11. 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 Building Fund BabyBasics Other Restricted Fund TOTAL FUNDS |
Incoming resources £ 164,323 800 28,113 1,937 30,850 195,173 |
Resources Movement expended in funds £ £ (155,196) 9,127 - 800 (13,071) 15,042 (1,937) - (15,008) 15,842 (170,204) 24,969 |
Resources Movement expended in funds £ £ (155,196) 9,127 - 800 (13,071) 15,042 (1,937) - (15,008) 15,842 (170,204) 24,969 |
|---|---|---|---|
| 15,842 | |||
| 24,969 |
The Building fund is towards the purchase or lease costs of new premises for the Church.
The BabyBasics fund is for support for new mothers.
Other restricted income and expenditure is restricted offerings for Maoz Israel.
Transfers between funds
Transfers to the general fund of £3,878 (2023: £Nil) are for the wages cost of the BabyBasics project co-ordinator.
Transfers to the general fund of £10,100 (2023: £Nil) are in relation to leasehold building improvements that have been financed from restricted income where the restrictions have been met.
12.
EMPLOYEE BENEFIT OBLIGATIONS
The Charity makes contributions into a defined contribution scheme for its employees. The amount charged to the Statement of Financial Activities during the year was £1,072 (2023 - £936). The amount outstanding at 31st March, 2024 was £224 (2023 - £182).
13. RELATED PARTY DISCLOSURES
Total donations from Trustees during the year amounted to £11,640 (2023 - £13,301).
14. POST BALANCE SHEET EVENTS
On the afternoon of 4th April there was an arson attack on the premises occupied by the Charity. This caused significant damage to Billericay Baby Basics and the Revival Church Billericay Office as well as other charities and businesses operating out of the two storey building affected. This has meant we have been operating out of temporary accommodation but due to the support and donations we have received as a charity it has not overall resulted in a negative financial impact.
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