ANNUAL REPORT AND STATEMEiwf OF ACCOUNrs FOR THE YEAR ENDED 31st MARCH 2024 CAMBORNE COMMUNrrY CHURCH CHARrrY RECISTKATION NUMBEIL. 1173192 BLUE STONE AcCOuP￿ANCy LTD PENVENTON MILL TREVISKEY CORNWALL TR16 6AS CAMBORNE COMMUNITY CHURCH CONfENrs Page 3 Legal and Admini￿atiVe Information Pages 4 to 5 ReEx)rt of the Truslees Page 6 Independent Exan)ineVs Report Page 7 Pa8e 8 Balan￿ Sheet PagL% 9 to 11 Notes to the Accounts fktsiled Statement of FinarKial Activities CAMBORNE COMMUNrrY CHURCH LEGAL AND ADMtNISTRATIVE INFORMATION CHARrrY NUMBER IIT3192 CIO NUMBER CEOI(r)]8 (England and Wales) START OF FINANCIAL YEAR 1st Aprtl 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES AT 31ST MARCH 2024 tknise Williams. Chair (appointed 24.6.23) Daniel Widdowson {Appointed 1.8.131 Chak to Fu {AppoiDted 24.6.231 Matthew Bailey (Appointed 2.8.21) The existing tntstees appoint any new trustees followtng the provisio￿￿ laid out in the Charity's governing instru￿ent. GOVERNED BY Constiiution Objerts The furtherarKe d the Christian religion by the follow:_ a) To give finance or help to people atcording to their need and to teach others to have a giving nature. bl To arrange holidays for those others1￿. for varied reasons. could not tske such times of refreshment,. especially children. c) To hold conferences to teach a Eetter way to ]ive. dl I'O train people in Biblical economics prayer. healin& faith. WOTship and to further the Christian way of life. CORRESPONDENCE ADDRESS Fore Street Chapel 19/21 Fore Street Cornwall TR12 8AY INDEPENDEwf EXAMtNER Blue Stone Acrounlancy Ltd Penventon Mill Trevi5 Comwau TR16 6AS Page 3 CAMBORNE COMMUNrrY CHURCH CHAIRMAN'S REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Trustees AnnuaI Re ear endin 31st March 2￿24. "ertives & Activtties The obilrtives of the CIO for the public benefit are to adVa￿e the Christian faith in accordance M'ith our statement of be]iefs Within Camborne, CornwaII and in 5uth i)ther parts of the UK and the ￿'0[1d as the charity tNstees may seem fit from time to time. cant ActivÈtie5 The church continues to thrive, ly)th numerically and spiritually. under the leadetship of a team of Eldels, headed up by OUT Pastor. folloTrbing the long tradition of this I￿al churth They aTe supported b!. a team of Deacon5 and Trustees and the consrcgation RS encouragrd to share in the work and acl1viti1￿ of this local church. We have reguIar activities and events each M'eek S￿VIng￿￿)th the members OE the congregation and the I(￿al commimily. We continue to live-stream the Sunda}. morningMTorship service via Zoom, enablmg us to reach iEyond the four walls of our building. This aiso mean5 that members of the congregation can continue to enjoy the service when they are away from hollLe or when they are unwell and unable to attend in persoTL Our café-5tyle interactive Sunday evening services conlinue with a small core of at￿ndee5 actively en8a8in8 with the Bible studies and"Grill-a- Pastof. session5. Engaging the com￿U￿1ty with the good news of the Christian GOSFEI continues to be a Pri￿ltY and throughout this period we have continued to distribute thousands of copies of the Nei%s neH'spaFer along M'ith Bibles, G05pd tracts, leaflets and liteiature. This is esPeC￿IY so special events organised for Faster and Chrisknas with the specific purpose of engawg the IIKal collllnunity with the nies5age of the GospeL OTh￿ agai￿ we part in the local Camborne"feast" day at the end of April to celebrafr the steam inverLtoT Richard T￿lthiek who was bom in the tomm, and on that day, we had hundTed5 of l(Ka]s corning through the thuTch building and engaging M'ith our different activities. During the period, our Pastor condtscted four f￿￿ra]S for memkn of the congregation or theiJ family members, three of them condLcted in the church and one at a I￿al Methodist churdL We also had tm'o believeTS' baptisms during the period, in the baptistry An the church buiIdin8. Also, during this year, we had theioy of two babies being to families in the congregation. The church con8regation growth ha5 levelled a little. and at the end of the perio¢ we had 73 adults and 25 chiIdren and youth in regular attendance on a Sunday. Mffii]st M'e haNe lost si)me Mem1￿r5 m.ho have ￿0Ved on to different locations and churches, w'e have a grow'ing nlunber of families arriving from West Africa under the care workers visa scheme. In the first half of the year, the Elders Tec(yiised God's call on two men Rn the congre8ation to the role of Elder and also added three new Deacons and two additional Trustees. This puts the church teadership Team in the strongest position as it has been in for a number of Vears. Hos%'ever, h'e will continue to actively Mrork to adding new members to each of these roles from wrythin our l(Kal congTeptiory to hdp with the gwd running and functioning of the church. Page 4 CAMBORNE COMMUNrrY CHURCH CHAIRMANS REPORT CONfiNUED FOR THE YEAR ENDED 31ST MARCH 2024 Financial Review As mentioned in previous annual reports. ￿cent I￿￿s, the church has been Sur￿VIng off three large one-off legacy donations and therefore expenses have ken exceeding inci)me each rnon￿ This ts especially so, given the demographic ofcarnbome with incomes well Eelow avera8r earnin8s for the UK HoM'eveT, we have continued to search for grant fLmdin& Thanks to the work of our Chair of Tntstees, during this current wiod, we have been able to Se￿re a2,000 from the dol C.oUings Foundation for youth WOTk and Joseph Rank Trust agreed to a grant of £IO.O(X) per year over three yeaTS for children and youth WOTk (this latter grant was not paid until the 2024125 financial year, but agreement to fL￿a MTas received during the ￿Tht Frtiod). These grants are to enable us io reath children and youth in the Caniborne area and have meant that w'e M'ere able to employ a Children & Youth WoTker for ?0 hours per MFeek with effect from January 2024. We are hugely grateful to these or8anxsations for thi5 cash iniectior We continue to remind the COn￿￿atiOn of the need for fina[￿￿￿ giving and we continue to l(K)k for more funding grants. Our financial reserves policy is to maintain sufficxent cash reserves to meet our essential bills for a period of three months to give lime to address any financial crisis ￿hICh couId arise. We therefore continue ts) maintain a reserve of £10,000 and this will be reviewed annually accordin8 to the needs of the chutdL Page i CAMBORNE COMMUNITY CHURCH STATEMETrU OF FtNANCtAL AcrivrrIES FOR THE YEAR ENDED 31ST MARCH 2024 RECEIPTS.. futhds Cunds Total Funds TotaI Ftsnds COME AND ENDOWMENTS FROM 58.021 57.151 In1'ests￿ellt Jncome TOTAL RECEtFrs 58 58,.120 EXPENDrruRE ON CHARrrABLE ACTtvT Charitable Activitios ,126" 55.876 NET tNCOMF/IEXPENDfftIREI 3,191 Other ResourcES Expended NFf MOVEMENf IN FUNDS 3.194 i¥ -10.8 RECONCILEATION OF FUNDS Total fund5 brought forward .3Z17J ' &1,141 To¢al funds ￿led foTward 353 )262 74,78? The Mtes on pages 10. 12 fL*mPartof these Page 7 FOR THE YEAR ENDED 31sr MAIiCH 2(r24 Tot Funds FLXED ASSE15 Tansible Assrfs 262 .n2 Debtors Cashat bamk and in hand 191 3J)79 161 20.(PI4 20￿? Am(xmtslallinsduewithin one year iIJ07 Z&31 113J7 17,629 TOTAL ASSETS LFSS CURRENT UABl￿lEs 74.>75 NEf ASSETS UnTe5trirted thds Restric￿ Funds EndoMrynentFunds 24x1 JJ29 "￿262 50262 TOTAL FUNDS TIrated Organisation. which is a public benefit entittF under FRS 102, have }￿en prepared in accordance the ChaTities ￿)RF (FRS 102) Accounting and Reporfing by Charities.. 5tateuLent ol Recoullnended PraLt[￿ app]icable to Chariti￿ preparing theiraccounts in accordan th the Finanaal Reporting Standard app]icable in the UK and Repub]ic of IreIand IFRS 1021 leffective I January 20151, Finanaal Reporting Stantad 102 The Finanaal Reporting standard app]icable in the UK and Republic of Jreland. Tho finanoal stateD￿ts hove preparL41 widex the historial costs convention. Income All income i5 reco8llÉ5d in the statell￿t of Activities once the thaEity has entitlement to the it IS Probable that the inc0￿e will EE rlreived and the allLount can IE measured reliabl). Expendit1￿¢ Liabilities are recogn￿ as expenditUTe as soon as these is a legal or constructive objigation convwtling the charity to that exFnditure. it ts probable that a transEer of e¢onornic EEnefits Mryll Ee required in settlenient and the amount of the obligation can be measured reliably. Expenditure is accounted for on an ateruaIs basis and has been cla55iEied under headings that asyegate all cost related to the category. Where costs cannot IE directly attributed to partiCLdar headin8s they have I￿Tr allocafed to acttvities on a b&si5 COnSiStEnt with the use of resources. Tangible fixed assets Depreciation is proNided at the foIloMiLvd arfftual rates in order to V￿Ite off each asset over its eSt[ll￿ted useful d & Buildin8s- not provided as fair value of the property is deemed to excced cost shown in the accounts. Fixtures & Fittings. 20:. CoEllputer Equipment- 20° Taxation The charityl is exempt from corporation tax on its charitable activities. Fund a¢collntins Unrestritted funds can be USLx4 in accordance the charitable Obi￿V*S at the discretion of the trustees. Restricted funds caxl only ￿ used for particular restricted pujposes within the olFcts of the charity. Restrictions aJise when spÉtified by the donor or when funds are Taised for particular testricted purposes. Endowment funds are those which Tepresent ￿£ts of endowment Pernwient endowment funds are used where there is no power for the TrLastees to convert the capital into income. ExFndable endowment knids are used when the TTUStee5 have the power to convert the capital into income. Page 9 CAMBORNE COMMUNrrY CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 I INVESTME￿ ￿COmE Deposit Account interest 299 3. NEf INCOMVIEXPENDITURE) Net Incon￿/(exPend]t￿te1 is stated after chargrng/{creditin8): Depr￿lation. owned assets 1,112 TRUSTEES. REMUNERATTON AND BENEFrrs There were no trustees, remuneration or Oth￿ I￿￿fits for the year e[￿ed 31 March 20?4 nor for the year ended 31 March 2023. Trustees. Expenses There were no trustees, expense5 paid for the year ended 31 March 202412023: £NIL) 5. STAFF COSTS The average ￿OI1th1Y numlEr of ellyloyee5 during the year was as follows: Church Staff Page 10 CAMBORNE COMMUNTTY CHURCH NOTES TO THE FINANCIAL STATEMETrifs - continued FOR THE YEAR ENDED 31ST MARCH 2024 & TANGIBLE FIXED ASSETS Frc*hold Fixtures & Fithngs Computer Equipment Totals COST At l April 2023 Additions 14.050 80,620 At 31 March 2024 50262 14,( 16,308 80,620 DEPRECIATION At l April 2023 Charge for year 13.785 12,1 837 1?,960 25,908 890 26,798 At 31 March 2024 NEf BOOK VALUE At 31 March ?024 50262 212 53,822 At 31 Match 2023 1.262 4,165 54,712 7. DEBTORS AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 Prepayrnents 191 161 9. CREDrroRS: AMOUNfs FALLING DUE wmiiN ONE YEAR 2024 Trade Creditors Sociat securitv and other taxes .Other creditors AccruaIs and daerred income 449 139 172 10,7]5 2,&31 Page 11 CAMBORNE COMMUNITY CHURCH DEfAILED STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Donations and Legacies Collections and Standing Orders and Youth Pr(￿e(t Grft Aid Donations for Building Fund Grants 48,48? 9p39 47,888 8,781 232 58,021 i7,151 Investment income Deposit account interest 53 57,204 i8,320 EXPENDrruRE aritable adivities Wages Mission Donations 31￿24 43,218 6,601 550 447 Gifts Youth, Children & other events Mens Ministy Sparks Preacher5 Outreach 217 389 741 173 1,075 1,610 41,052 Support Costs- Management Premises Expense & MaIntena￿e tnsurance IT & Website Utilities Postage & Stationery CorLsumables 1337 123 4AIO (no 153 3,022 3,438 2.106 F JJ Sundries Copyright & Licentes Govemance Costs Training Subscriptions Depreciation 20 759 725 91 144 S￿) 11419 315 1,112 9*15 Governance costs Accountancy Legal & Professional Fees 719 2,450 4,493 2A05 Total tesimrce5 expended 55,876 Net expenditLtre/ Loss -10,800 Page 12