Thrive Church UK Trustees’ report and financial statements for the year ended 315 August 2024 

Charity No. 1173151 



Thrive Church UK 

|Contents|Page|
|---|---|
|Trustees’ report|2-4|
|Independent Examiner's report|5|
|Receipts and Payments Account|6|
|Statement of Assets and Liabilities|7|
|Notes|8-10|



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Thrive Church UK 

## Trustees’ report 

The Trustees of Thrive Church UK present their report and accounts for the year ended 315' August 2024. 

## Trustees 

Steve Nicholls (Chain lain Grew Kevin Tilyard Sue Boniface Jayne Harder Susanne Singh (resigned 31st December 2023) 

Trustees are appointed by the Thrive Church UK leadership team. New trustees are fully briefed on their role and responsibilities. Trustees meet reqularly throughout the year and review the risks to which the charity may be exposed. 

Thrive Church UK was registered as a Charitabie incorporated Organisation on 24° May 2017. 

## Bankers 

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Maling Kent ME19 4JQ 

## Objectives 

The objectives of the charity are: 

(1) The advancement of ihe Christian faith; 

(2) The prevention and/or relief of poverty in Hampshire and such other parts of the United Kingdom and the worid as the charity trustees may from time to time decide. 

In planning our activities for the period, we have been mindful of the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit. The trustees always ensure that Thrive Church UK’s activities are in line with our charitable objectives. 

## How we work 

At the start of the reporting period Sue Singh was the Senior Leader, with a leadership team comprising Gavin & Hannah Scoit, and Julie & Jeremy Sisley. At the beginning of January 2024 Sue Singh resigned and then the Charity was led by a team of four leaders: Gavin Scott (Senior Leader and full time employed), Hannah Scott (Senior Leader), Julie Sisley and Jeremy Sisley. However, from September 2024, Jayne and Marc Harder will be joining the leadership team. 

During this reporting period Sue Singh resigned as a trustee, there have been no other changes to the members of the board of trustees. 

In addition to the trustees, the Leadership Team has a team of Trusted Advisors to assist and advise, as and when necessary. 

There are volunteer groups with team ieaders that run the various activities which report to the leadership team. 

The Activities of the church include the following: 

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Thrive Church UK 

- 1 Sunday Worship Meetings. 2 Prayer Meetings. 

- 3 Children and Parents/Carers Group. 

- 4 Children and Youth Work and Meetings. 

- 5 Study and Workshop events. 

- 6 Invoivement with Churches Together in Eastleigh. 

- 7 Support of local charities including: Basics Bank, Street Pastors, CAP Eastleigh, Fledge, Eastieigh Community Fridge 

- 8 Financial support and provision of teachers through School of Ministries worldwide. 

## Activities and achievements 

The trustees are pleased to report that Thrive Church UK has had a successful year. The charity has adequate governance in place to meet the requirements of the various statutory bodies which include Safeguarding Polices and Registration of those working with children and vulnerable adults. Risk Assessments are in place for the various activities, venues, and meetings. (The various Policies and Risk Assessments are all available on the charity’s SharePoint site). 

The Sunday worship meetings have continued at the Pavilion on the Park in Eastleigh. For convenience most of the trustee meetings continue to be online, via video conference calls, but with at least one of the meetings being in person. 

The trustees are nearing completion of negotiations with the trustees of the Pavilion on the Park regarding a long-term hire agreement for the use of halls, rooms and the creation of a church office within the building. It is proposed that the agreement will include improvements to the audio-visual equipment within the hall used by the church for the main Sunday meetings. The improvements will be partially financed from Thrive Church’s restricted fund for building changes or developments. ft is intended that the agreement and the costed improvements will be presented to the trustees for review during September 2024. 

The church has also provided and supported community activities based at the Pavilion on the Park, Eastieigh. These include a community fridge, a community cafe, a iunch club, a parent and toddier group, a youth club, and providing chaplaincy services to staff and users of the Pavilion. 

The trustees are satisfied that the objectives are being met and that the Governance arrangements are compliant with statutory requirements. 

## Financial review and reserves policy 

Thrive Church UK has received individual donations of £133,555 (2023: £100,969), including grants from Stewardship which are funded by individuals primarily within the church. Of these donations £8,184 (2023: £9,061) were restricted. The church received a grant of £3,000 (2023: £0) from Hubbub toward the provision of a Community Fridge, and its administration. Charitable activities have generated £621 (2023: £507). 

A deposit account is operated by Thrive Church UK. This is used fora combination of some restricted funds and general funds. 

At present the trustees have agreed that reserves should be held to cover three months of core costs. At 315' August 2024 the balance on unrestricted reserves was £123,049 (2023: £88,257) which is more than sufficient for this purpose. 

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Thrive Church UK 

## The Future 

The Leadership Team continues to develop strategy for the charity, which will include the following aspects: 

1. Continue to develop the reiationship with the leadership team of the Pavilion on the Park, where the church is based and holds its Sunday meeting, to identify and implement initiatives for the church and the Pavilion which support and benefit the local community. 

2. Explore opportunities to enter into a more formal partnership with the Pavilion on the Park for the medium to long-term use of their facilities. 

3. Investigate ways to use the restricted fund for building changes or development to support the day-io-day activities and weekly meetings of the charity. 

4. Continue to help people, within the local community, who are vulnerable or in need of support. 5. Continue to develop closer ties with ijocal community groups. 

Steve Nicholis — Chair of Trustees 


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Thrive Church UK Pavilion on the Park 1 Kingfisher Road S050EastleighHampshire9LH 

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Thrive Church UK 

## Independent Examiner's Report 

i report on the accounts of the CIO for the year to 318t August 2024, which are set out on pages 6-10. 

## 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

## itis my responsibility to: 

examine the accounts under section 145 of the 2011 Act; te follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

to state whether particular matters have come to my attention. 

## 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 expianations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently the report is limited to those maiiers set out in the statement below. 

## Independent examiner’s statement 

In connection with my examination, no material matters have come to my attention which gives me cause io believe that in, any material respect: 

- es the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or 

| 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. 


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18a Church Road Bishopstoke Eastleigh Hampshire S050 6BH 

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Thrive Church UK 

Receipts and Payments Account for the year ended 315' August 2024 

||Note|||2024|2023|
|---|---|---|---|---|---|
|Incoming resources|1|Unrestricted|Restricted|Total|Total|
|||funds|income funds|||
|||£|£|£|£|
|Donations and Gifts||125,371|8,184|133,555|400,969|
|Grants||-|3,000|3,000|-|
|Services||-|-|-|4,500|
|Interest Received||903|-|903|896|
|Charitable activities||621|-|621|507|
|Other||2|-|2|33|
|Total incoming||||||
|resources||126,897|11,184|133,081|106,905|
|Resources expended||||||
|Charitable activities||||||
|Staff costs|4|57,436|1,637|59,073|89,196|
|Office costs||5,264|359|§,623|4,523|
|Personnel<br>Facility Hire||5,918<br>12,446|3,542<br>-|9,460<br>12,446|7,071<br>13,138|
|Equipment|5|3,571|1,805|§,376|2,411|
|Resources||6,139|34|6,173|7,825|
|Bank charges||222|-|222|79|
|Grants|6|1,109|3,059|4,168|3,458|
|Total expenditure||92,105|10,436|102,541|127,701|
|Net||||||
|income/(expenditure)||34,792|748|35,540|(20,796)|
|Transfers between||||||
|funds||-|-|-|-|
|Net movement in funds.||34,792|748|35,540|(20,796)|
|Funds balances brought||||||
|forward||88,257|73,667|161,924|182,720|
||||||)|
|Fund balances carried||||||
|forward||123,049|74,415|197,464|161,924|



Thrive Church UK holds no endowment funds. 

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Thrive Church UK 

Statement of Assets and Liabilities as at 31 August 2024 

||Note|||2024|2023|
|---|---|---|---|---|---|
|||||£|£|
|||Unrestricted<br>funds|Restricted<br>funds|Total|Tota!|
|Cash Funds||||||
|Current Account||76,740|7,956|84,696|49,763|
|Deposit Account||47,588|66,459|114,047|113,251|
|Petty Cash||35|-|35|235|
|Total cash funds||124,363|74,415|198,778|163,249|
|Liabilities||||||
|Tax||4,037|-|1,037|1,029|
|Pension||277|-|277|379|
|Other||-|-|-|{83)|
|Total Liabilities||1,314|-|1,314|1,325|
|TotalFunds||123,049|74,415|197,464|161,924|



There are no liabilities for which a guarantee has been given by the CIO oris outstanding, nor debts secured by an express charge on any of its assets. 

The Annual Report and Financial Statements were approved by the trustees on __ | IK (S$ and were signed on their behalf by 


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q 

Thrive Church UK 

Notes (forming part of the financial statements) 

1. Accounting policies 

The following accounting policies have been applied consistently in dealing with items that are considered material in relation to the financial statements of Thrive Church UK. 

e Basis of preparation 

The accounts have been prepared in accordance with the Charities Act 2011, and section 62 of the Charitable Incorporated Organizations (General) Regulations 2012. 

They have been prepared under the historical cost convention with items recognized at cost or transaction value and on a going concem basis. The accounts have been prepared on a Cash Basis. 

## e Tax reclaimabie on gifts and donations 

Any Gift Aid amount recovered on a donation is considered to be pari of that gift and is treated as an additionto the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 

e Donated services and facilities 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated vaiue to the charity of the service or facility received. 

e Volunteer help 

The value of any voluntary help received is not included in the financial statements but is described in the trustees’ report. 

e Governance and support costs 

Thrive Church UK incurs no governance nor support costs. 

2. Trustee expenses 

The following trustee was remunerated by the charity during the year: Susanne Singh £8,095 (including employer pension contributions) 

3. independent Examiner’s remuneration 

The independent examiner's fee for the examination of these financial statements is £147.75 (2023 £138). 

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Thrive Church UK 

## 4. Staff Costs 

||2024|2023|
|---|---|---|
||£|£|
|Gross wages, salaries and|||
|benefits in kind|55,193|81,813|
|Casual labour|357|352|
|Pension contributions|3,088|4,663|
|National insurance|435|2,368|
||59,073|89,196|



The average number of full-time equivalent employees in the year was 1.73 (2023: 2.6). 

## 5. Equipment Costs 

||2024|2023|
|---|---|---|
||£|£|
|Computers / IT|172|1,391|
|Audio Visual & Recording equipment|891|176|
|Catering equipment|2,254||
|Little Thrivers|186||
|Instruments|449||
|Furniture|853||
|Other equipment|570|844|
||5,375|2,411|
|Grants Awarded|||
||2024|2023|
||£|£|
|ARK Eastleigh|972|1,800|
|Eastleigh Basics Bank|631|-|
|Fledge Youth Support|750|-|
|Charity: Water|520|-|
|Eastleigh Street Pastors|500|-|
|Schooi of Ministries|495|-|
|Pioneer|300|308|
|CAP Eastleigh|-|41,350|
||4,168|3,458|



## 6. Grants Awarded 

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Thrive Church UK 

## Notes (continued) 

## 7. Restricted funds 

Funds held and movement during the current reporting period 

|Fund names|Fund balances|Incoming|Suigoing|Transfers|Balances|
|---|---|---|---|---|---|
||brought|resources|resources||carried|
||forward||||forward|
||£|£|£|£|£|
|Building Fund|67,615|-|1,156||66,459|
|Generosity Fund|4,327|2,371|2,464||4,234|
|Hubbub|-|3,000|1,445||1,555|
|Intergenerational Ldr|-|2,468|1,637||831|
|Little Thrivers|-|4,186|675||541|
|School of Ministries|495|284|495||284|
|CTIE Youth Fund|227|~|-||227|
|Nepal|-|212|-||212|
|Basics Bank|631|53|631||53|
|Community Fridge|-|49|-||49|
|ARK Eastleigh|347|25|372||-|
|Pioneer<br>Charity: Water|25<br>-|268<br>520|293<br>520||-<br>-|
|Fledge Youth|-|748|748||-|
|Unrestricted funds|88,257|126,897|92,105||123,049|
|Total|161,924|138,081|102,541|-|197,464|



## 8. Compliance 

These accounts comply with the appropriate legal requirements — that is: - the gross recorded income from all sources did not exceed £250,000, and - the charity is not a company incorporated under the Companies Acts 

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