COMPANY REGISTRATION NUMBER: 10866897 CHARITY REGISTRATION NUMBER: 1174210 Foundry Community Church Ltd. Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 JENNIONS MACKEN Institute of Financial Accountants Suit8 1, Foundry House Widnes Business Park Waterside Lane Widne5 Cheshlre WA8 8GT
Foundry Community Church Ltd. Company Llmlted by Guarantee Financial Statements Year ended 31 December 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustèes statement of financlal activities (includlng income and expenditure account) statement of financial position Noles to the financial statements The following pages do not forni part of the financial slatements Detailèd statement of financial acliviti&s 20 Notes to the detailed statement of financial activities 22
Foundry Community Church Ltd. Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2023 The Iruslees, who ar8 also the (lireclors for the purwseg of ¢omp&ny law. present their report and the unaudited flnanGial slatements of the charity for the year ended 31 DeGemb9r 2023. The company was incorporated on 14 July 2017. RefeTen¢e and admlnlstratlY& d9ts11$ Reglstered charlty name Foundry Comrnunlly Church Ltd. Charity registration number 1174210 Company reglstratlon number 10866897 Principal office and reglstered 63 Lugsdale Road offlcè Wldnes Cheshlre WA8 SDA Unlted Kingdom The tTUStee$ Mr P Holl8nd MTS D Daniels Mr S Greenow Mr S Srnilh Mrs A Toluwalope Majaro Mr K Ackah Mrs l Oluwabamise MrA Holl8nd Miss L Taviner Resigned 5 July 2023 Appointed 18 January 2023 Appointed 21 M8rch 2023 Company $•¢rntsry Dione Daniels Independ8nt èxamlnar Mr l Jennions BA {Honsl FFA FIPA FFTA Sultè 1, Foundry Hous8 Widn&s Bu8Iness Park Watèrside Lane Widn85 Cheshir8 WA8 8GT Flnal Accounts
Foundry Community Church Ltd. Company Llmllèd by Guarantee Tru5tees' Annual Report (Incorporatlng the Directorfs Report) Icontlnugd) Year ended 31 Decembèr 2023 Structurns governance •nd manag•ment Ftsundry Community Chureh began the year in the mlddle of a 6-month parlod of revlew for the chur¢h. following a ¢hange In leaderÉhlp. In Aprll we launched a naw t88m leadership slructuig wlth Di Danlels, Sle Greenow. Sean Smllh 8nd Lois Tavlner now overseeing the churth. In addillon lo Ihg Lead Team there 18 a Board of Dlreclors Tnade up of members of the L8ad Toam and five lay peuple. This body of péople are the Iruslees of Foundry Cornmunlty Churoh. They THeel minlmum of 4 lim85 a year and thelr rnÈ8tings are recorded through rnlnules. Our Trustee team was strengthoned in 2023 with th8 addlllon of Andrew Holland lflnanc81. In addition, we have many volunteer teams thal 8r& 18d by bolh salaried and volunte8r leaders. The church accounts are presented annually and are available vi8 the Companies Hous8, 8nd Charity Commission websi18S. Objectlves and actlvltles a. To advance thè Chrisllan faith,. b. To relieve sickness and fSnanclal hardshlp 8nd to promote and preserve good health by th& provlslon of funds. goods or Serv1 of any kind Inclkjding through the provisEon of couns811ing and support,. and c. To adv8nc8 8duGalion', in 8uch ways and in such parts of th? Unil8d Kingdom or the wodd as the Trust¢os from lime lo Ilm8 may think fil. 8eneflts to the Publlc Foundry Cornmunlly Church ¢ontlnuès to look outward to the needs ol the Ioc81 commvnlty, both practically and splrflually. Throughout 2023 we continued lo carry out our vision "Helplng our cownmunill,, as we seek to adapt Bnd respond lo the nBeds that we see present In our community. In 2023 this looked like the following.. Sundays.. Helping people encounter God. Support Housing.. Helping people Ilve indepèndentty. Connecl Groups.. Helping people grow in commursity. ChSldr8n & Young P8opl$: Helping children & young people navigato Ilfe. Home For Good.. Helping profile klnshlp. fostering and adoplbn support. pha.. Helping peoplg explore faith. Kitchen Cupboard.. Helping pul food on the table. Lunch Club.. Hélping families in the school holidays. Wel¢ome Churches.. Helplng asylum seekers and rèfugees. Room Hire.. Ha1n9 our community to meèt for events and suppori. Achlgvemènis and Perforniance Ag a church we have ¢ontlnued to meet on Sunday's both In-person and through streaming our online services. Wa had an average attendance of 146 joining LJS on Sundays in-person and online. The church continued to work in close partnership wllh our sist6r charities; PRC and The Lighlhou5e to provlde independgnt living opportunities for the over-60s 8nd for men who are seeking support frorn drug andlor alcohol addlctlons. However, in the summ8r of 2023, The Lighthouse charity was paused due lo slafflng changes. Flnal Account$
Foundry Community Church Ltd. Company Limlted by Guarantee TTU5t8es' Annual Report (Incorporating the Director's Report) (conllnufjdj Year ended 31 December 2023 Our ¢onnocl groups Increased in value and sUprt lo the church communlty as new gTOUPS W8re started. and increasing numb8r8 of people atlended. 2023 saw new groups launch for Persian Alpha, Walklng and Women. AcliYltSes for chlldren and young people within tho church community and surroun(Jlng area8 Continued to lake place on Friday nights and Sunday mornings. These groups continu8 to grow In Influence as they help children and young people in our Community navigate lifè 8nd fomi friendships. We continue lo respond to the needs of famllies In our community who face hardship during the $clK>oI holiday's from food Insecurity 8nd Isolation. This was outworked through two of our projects., Lunch Club 8nd Kitchen Cupboard. In 2022 Lunch Club provlded 919 lunchos dudng the school holidays for 81 chlldrén and 32 parenlslcarors. As a church. we recognise the Importanc8 of supportlng those who are $9gklng asylum arwj refuge In our local mmUnity. Over the past y8ar, we have actively sought (o PTovide praolieal and emolional support lo local charities wtjrklng wlth asylum seèkers and refugees. We have donaled funds lo these organisallons, promoted the need for volunleeTS lo help with Ihgir work. and raised 8war8ness about thelr important tnlssion. We have also welcomed refugees and asylum seekers Into our church communlly, providlng a safe and welcoming spac8 for them loworship, conno¢twlth others, and receN@ support. We bÈli8v8 that il Is OUT duty as a church to support and CaFe for those who 8re vuln8rBble and marglnallzad in our community, and we are commltted to continuing this Itnportanl work in the yg8rs to come. We awe pl8ased to have a building that is not only 8 place of worshlp bul also 8 valLJable resource ftsr the wlder communlly. W8 r8cognlse that there Is a need for affordable and accessible spa¢e$ for local cornmunlty groups, schools, and corporate clients lo hold theirevenls. meetings. and activities. A5 SLJCh, we have made our bulldlng avallable for room hires at Teasonablè rates. We have welcomed a variety of groups, Including the NHS, local adoption agtrn¢Tres, parents and babies, SPDrts and fitness Clubs, dance groups, and business organisatlons. Our building has also been used for Confences, training SQsslons. and school 8vants. By providing our building for room hSr8s. we are not only generating additional income for the church btjt also slrenglhening our relationships with th8 loc81 community and promotlng the use of our facilities for the greater good. Through the endeavour. hard work 8nd ¢reallvSly of ils amazing volunteers and staff team, Foundry Communlty Church contlnuas to fulfil its mission and serve the town of Widnes and beyond. Ils greatest resource howevor. MaInS its pèopla. The Iruslees wish lo acknowledge the contribution of both staff and lh8 congregation and look forward to it8 Contlnued success in the yèars to come. Flnal A¢counts
Foundry Community Church Ltd. Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Dlrector'5 Report) (thinllnu8d} Year ended 31 December 2023 Flnanclal roview Fln8ncial aclivilles for th& perlod under ravlew have produced 8 Surplus of £37,739, whlch has been In line with trustees, expectations. The financial ieserves are stabte, helped by the g8neros1ty of Its congregallon and car8lully monitored 8xpendilure. Plans for future perlods As a church we wlll b6 trxploring fura plans for our building and slte due il's agè and need for future repair. Wo Int6nd 10 8p8nd 2024 exploring 8118v6nues for the futu. We are excited about the possibilili8s that li8 ahead and are committed lo working logolheras a church community to build on o succe8$8s and serve our community to thè bèst of our abllilies. Small company provlslons Thls report ha8 bÉ6n prepared in accordance with tha provlslons applicable lo companies enti118d lo I small companies exempllon. The Iruste8s' annual report was appTOV?d on ..j i: (0.?.4....... and slgned on beh8W of th8 board of trustees by.. Mr S Greenow Trustee Mr8 D Danl&ls Trustee Flnal Accounts
Foundry Community Church Ltd. Company Llmlted by Guarantee Independent Examinerfs Report to thè Trustses of Foundry Community Church Ltd. Year ended 31 December 2023 I report to the Iruslees on my gX8minat1on ol Ihe financial statements ¢)f Foundry Community Church Ltd. I'lhe ¢harlty'l for th8 year ended 31 December 2023. ResponBlbllltiès and basls of roport As the trustees of th8 company land also ils directors for the purposes of company law) you are responsible for the preparation of th& financlal slalements in accordanoa wlth tha requirements of th8 Companies Act 20[ I'tha 2006 Act'l. Having sali5fi8d my$all that tha accounts of the company are not requlred to b8 audited undèr Part 16 of Ihp 2006 Act and are eligible for Independent examlnalion, I report in respect of my examination of the charity's accounts as carrled out under secllon 145 of th& Charilles Acl 2011 I'lhe 2011 ACVI. In arrying Qut my examination I h8vè followed the Directions given by the Charity Commissh)n under section 14515)Ibl of the 2011 Aol. Independent examinorfs statemant Slnce the charity's gro$$ Income exceeded £250,000 your examlner musl be a member of 8 body Ilsted In section 145 of the 2011 Aet. I confirm that l am qualified lo undertake the examination becau88 1 am a member of the Instltute of Financial Accounl8nls IIFA). which is one of the listed bodiès. I havg completed my examination. l confimi th81 no matters havo come to rny #ttènllon in connection wllh the examination glrng ma Ca88 to believe.. accounting records were not kept in respect of the charity as reqLtlred by section 386 tsf tha 2006 Ad. or the financlal statsments do not accord wSth those records., or the financial statements do not cornply with the accounting requir8wllents ofsethon 396 of the 2006 Act other than any requirement that thg accounts glve a'true and fair, view whkh Is not a matter considered as part of an indÈpendenl examlnalion,. or the flnancial stalemttnls hav8 not been prepared in accordanc0 w5th th& malhods and principles Df the StBt&ment of RecomM&ndod Pra¢llce for accounting and reportlng by charities applicable to ¢harltlès preparing their accounts in accurdance wllh the Financial Reporting Standard applicable in thè UK and Republic of Ireland IFRS fj02}- Flnal Accounts
Foundry Community Church Ltd. Company Llmited by Guarantee Independent Examiner's Report to the Trustees of Foundry Community Church Ltd, (conttnued) Year ended 31 December 2023 I hav8 no concerns and have come across no othbr m8lt8rs in connècuon with the &x8minalion lo which attentlon should be drawn In this report in order lo enable a proper underslandlng of th8 accounts to ba reached. Mr l J8nnlons BA (Honsl FFA FIPA FFTA Independent Examiner Sui18 1, Foundry House Wat&rslde Lane Widnes Business Park WidnFs Cheshlre WA8 8GT Final Ac¢ounts
Foundry Community Church Ltd. Company Limited by Guarantee Statement of Financlal Activities (including income and expendlture account) Year ended 31 December 2023 2023 Reslrlcled funds Total funds Total funds 2022 Unrestricted funds Income and endowments Donations and legacies other trading 8dlvilies Olhor Income 170.712 2D.571 3,088 170,712 20,571 3.088 Y25,906 2D,807 3,948 250,681 Total Income 194.371 194.371 ExpondÉture Expenditure on ralslng fvnd8'. Costs of raising donations and legaci¥g Expenditure on ch8rit8ble activitles Total expendllure 26,617 190.482 9,10 156,632 156.632 156.632 156,632 217,099 Nol Incomellbxpèndltur•l and nat mov8m8nt In funds 37.739 37,739 33,562 Reconelllatlon of fund Total funds brought forward Total funds carrled forward 745.831 745,831 783.570 712,269 745.831 783,570 Th8 ststemenl of financial activili9s indudes all gains and losses recognisod In thè year. All IncorHe and 8xpendilure dBrive from conllnulng 8Ctivitle8. Flnal Accounts
Foundry Community Church Ltd. Company Llmited by Guarantee statemènt of Financlal Position 31 December 2023 2023 2022 Flxèd assets Tangible fixed assets 15 652,956 653,921 Current a$$gts Debtors Cash at bank and in hand 16 1.453 134,105 135.558 618 97,854 98.472 Cr•dltors: amounts falllng due wlthln one yèar Net currenl assets 17 4.944 6.562 130,614 783,570 783.S70 91,910 745,831 745,831 Total assgts less rurrant Ilabllitlès Nat assets Funds of tho charlty Unrestricted ndS 783,570 745.831 Total charlty funds 20 783,570 745,831 FOT the year ending 31 December 2023 the charity was entiued lo éxemption froTh 8udit under 88clion 477 of the Cot¥5panl8s Act 2006 relollng to sm811 companies. DSr¢olors' respon8ibilities'. The memb8rs have not requlrad the company to obtain an audit of its finand81 statements for the year In question In accordance with sB¢tlon 476- Thg dlrectors a¢knowledg8 thelr responsibllltles forcornplylng with the requirements of th8 Aclwith respoct to accounllng records and th8 preparation of flnancial statements. These financial statem8nls have been pr&pared in accordance wlth the prOvlOn8 applicable lo ompanles subl$ct to the sma51 Companies, regSmo. Those flnancial statements were approved by Ihe board of trustees and authorised for issue on .)?. LQ..A.*.... and are signed on behalf ofthe board by.. Mr S Greenow Trustee Mrs D Danlels Trustee Flnal Accounts
Foundry Community Church Ltd. Company Limited by Guarantee Notes to the Financial Statements Year ended 31 Decembèr 2023 G8noral Snformatlon Thg charlty is a public beneff( entity and a prlvaltr company Ilmltad by guarBnleg, registered in England and Wales and a registered charity In England and Wale$. Tha 8ddrèss of thè reglst&r6d office is 63 Lugsdale Road, Wldnes, Cheshlro, WA8 6DA. Unlled Kingdom. statement of comp51ance These financial statements have been prepared In eompllance with FRS 102. 'The FinancHI Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to chaTities preparing Ihetr accounts in accordance with the Financlal R8ptsrting Standard applicable In the UK and Republic of Ireland IFRS 1021 (Charltles SORP {FRS 10211 and the Companie5 Act 2006. Accountlng pollcles Basls of pr8paratlon Th8 financial statsments have bgen prepared on thg hl3torlcal cost basls. as modlfied by the r8valu8tion of certain financial assets and liabilities and inv881mgnt propertle8 me8sucad 81 fBlr value through Income or expendilurg. The finarbcial staternenls are PTepaTed in sterling, which Is the funcllonal currency of the entity. Golng concorn There are no material uncertain1185 ab¢)ul the charlty's ablllty to contlnue. Dlsclosure exemptlons The entity satisfies the crileiia of being 8 qualifyinu entily as defined in FRS 102. As such, 8dv8ntaoè has been taken of the followlng disclosure eXemptiS availablo under pamgraph 1.12 of FRS IQ2'. (a) No cash flow statement has begn prfjsgnled for the company. (b) Disclosures in respect of financial inslrumenl8 have not been presented. Judg•monts and key sources of e¥tlmatlon uncertaSnty Thè praparation of the finandal slalements requires managetnent lo make judgements, esllmatas and a88LITTiplions that affect the gmounls rewted. These es1imal85 and judgements ara continually reviewed and are based on exp8Tience and other factr>rs, Including expectations of future events that bfyllfyved to be rgasonable under the CArcumstancgS. Flnal Accounts
Foundry Community Church Ltd. Company Llmlted by Guarantee Notes to the Flnancial Statements Ico#llnu•dJ Year ended 31 Deoember 2023 Accountlng pollcies l¢ontlnu8d) Fund occountlng Unreslrlcted funds ar8 available for usa at the discretlon of the Injslees to further any of the charity's purposes. Doslgnaled funds are unre81ri¢l&d funds earmarkgd by Ihg trusteès for parbcular future proiect or COTnmStment. Re8lrl¢led ftjnds are 8ublected lo re¥lrlctions on Iheir8xpet)diture de¢l8r8d by the donor o)rlhrough the terms of an appeol, and fall Into one of two sub-classes- reslrloted income funds or endowmènt funds. IncoTTJlng resourcès All inwmlng resourc98 are Induded In th6 Statement of financial actlvities when entitlement has passed to the charlty., il is probable that th8 économic bgnefil$ assoclaled with Ihg transaction will fiow to the charity and the amount can be rellably tnggsured. The following specific PDll¢les are applied to partlcular calegowios of income: come from donallons or grants is rècc¥nised when ther8 19 8vidence of gntltl8m8nl to the glfL rooelpl Is probable 2nd ils amount can be masur8d feliably. legacy Income 15 recognlsed when rocalpl is probable 8nd entiuement Is 8Stablished. income from donat gdS is measured at the fair value of the goods unless this Is Impiactlcal to measure reliably. bn whleh case thè value Is derlved from the cost to Ihp donor or the eslirnated resale value. Donated fad11tl8s and services are recognised in the accounts whBn received rf th6 value can be reliably measured. No amounts are includ8d for the conlribuliorb of general volunteers. Income from contracts foT the supply of sèrvices Is recognlsed with the dgllvery of the conlr8Ctad seryice. Th1$ Is classifted as unrestricted funds unless Ihero Is a contraetual requirement for 51 lo be spent on a particular purpose and relumBd if unsp8nt, in which case il may b8 ragarded as r¢stri¢led. Flnal Accounts 10
Foundry Community Church Ltd. Company Llmited by Guarantee Notes to the Financial Statements (Co1$(1) Yèar ended 31 December 2023 Aecountlng policl•s (cunllnufjdl Rosources expÈndèd Expenditure is rècognlsed on aGcruals basis as a Ilablllty Is Incurred. Expenditure Includes any VAT whlch cannot be fully recovergd, and is classified under headings of the stat8menl ol financlal aclSvlligs lo whlch It reloles.. fjxpendilur8 on raising funds Includ8s the costs of all fundraising acllvittes, events, non- charitable trading actlvlliès, and the sale of donated goods. expenditure on Charktable activitlps Indud8s all costs incurred by a charity in und8rtaklng aclivillgs that further its charitab18 aims for the benefit of ils b&neficiaries, In¢ludlng those support costs and costs relating to the govamance ol the charity apportioned lo chadlable aclivltles. other axpandilure includes all expendkure thal Is neither relatsd to raislng funds forthe charity nor part of ils expgndlture on charitable aclivilies. l costs are allocal8d to 8xpendllur8 categori95 refle¢th)g th8 use of the r$source. Direct costs Bttributable to a single activity 8ra allocatsd direGlly to that activity. Shared costs are apportioned b8twe6n the activities they contribut8 to on a reasonable, luslifiable and CDn51slenl basis, Tanglbl8 assets All flxad assets are inllla11y recordad al cost. Dèprèclation D8preclalion is calculated so as lo writ6 off the cost orvaluation of an a88el, less its residual value. over the useful economic lifè of that as881 as follows.. Fixture8 and fitting5 Equipment 25% reducSng balance 25% reducing bai8nc8 Frèèhold Property 0° Impalrnient of fixed assets A r8vl8w for indicators of Impalrmenl Is carried out at 8ach Teporting dalg. wlth the recovèrablo arnounl being estlmaled whère such i[lc8t9rS &xisl. Where the carrying value axceeds the rècovèrable amount, the asset Ig Impaired accordingly. Prfor impairments are also revièwèd for possible reversal al each reporting dale. For the purpr)ses of impalrmanl testing, whon It is not posslbl8 to 8511mate the TOVerable amount of an individual asS¢t, an estlm8te Is made of the recoverable amount ol the Cash8ratIng unil to whlch the as8el belongs. The cash-generating unlt Is the smallest identlflable group of 8ssels that includ85 the asset and generates cash Inflows that largèly independent of the cash inflows Irc other assets or groups of assets. Flnal Accour 11
Foundry Community Church Ltd. Company Limlted by Guaranlee Notes to the Financial Statoments Icontlnuèd) Year ended 31 December 2023 Accountlng policres (¢ontlnuodJ Impalrmènt of fixed as$•ts (contlnued) For impairment testlng of goodwi1S, tha goodwlll acquired In 8 buslness comblnalion is, from the acquisition dale, 81IDcaled to èach of the cash-generaling units that are gxpecled to benefit from the synergles of th8 comblnalion,1mspeclive of whellr other assets or Ifablllties of thè charity are assigned t(J those units. Govornment grants Govemmenl grants are reGogni$ed Bt the fair value of the assel received or receivalle. Grants are not recognlsad until there Is reasonabla assurance that the charity wlll comply wlth the condllions atlaching lo thèm and the grants will be received. Where the grant do&s not impose gpecified futurg Porformance-rg18ted conditions on the reciplent, il is recognised in income when the grant proceeds are received or rèceivable. Where the gTBFIt dogs impose spècsfied future pgrformance-relat8d conditions on the reciplenl, 11 is recognised in incomB only when the perfomiance-relaled conditions havg been met. Where grants ceiVed are prior lo satiyfylng the revenu¢ recognillon crlteria, they are recognised as a118blllty. Flnanclal instruments A financial asset or a fflnancial liability is recognised only when the enllty becomes a party to the onlraclual provislons Df the inslrument. asiG flnancial instruments are initially recogni88d al the amount raceivable or payable including any relat8d transacllon costs, unless thg arrangement c£$1tu1es a financing transaction, where il is rgwgnis8d at th8 present value of the futur8 payments discounled al a mark6t rale of in18rest for a similar debt instrument. Oefined contrlbutlon plans Contributions to defined ¢onlribulion plans are recognised as an expans@ in the period1n which the related setvicè is provided. Prepaid contributlons are recognlsed as an asset lo the extent Ih8t the prepayment will1È8d to a reduction In luture paym8nls or a cash rèfund. When contrfbulions arè not expected to be settled wholly within 12 months of the end of the reporting date in which the employees rendèr the related service, the Ilablllty Is measured on B discounted present v8lue basis. ThE unwinding of thè discount is recognised as an oxpense in the period In whi¢h11 arises. Limited by uuaranteo The Charity b a Cornpany Llmiled by Guarantee, havlng no share capltAI. Flnal kcounts 12
Foundry Community Church Ltd. Company Llmiled by Guarantee Notes to the Financial Statements fcontlnu8d) Year ended 31 December 2023 Donadons and legacies Unrestricted Funds Restrfeted Total FundB Funds 2023 Donations Genèral Fund Offering8 Income from PRC 93,574 6.250 93,574 6,250 Legacl95 and Donatlons Donations from PRC 50,000 50,000 Glft Gift aid tsx r8cèived 16,66 16,666 Grants HAF grant Inlemshlp 3,722 500 3,722 170.712 170,712 Unrestricted Funds Reslricled Tolal Funds Funds 2022 Donatlons Genoral Fund Offeri$ Income from PRC 160,363 6.IXJO 10.150 170,513 6.000 L8gaGies LégR¢i¢s 12,961 12,961 Glfts GSft ald lax Tecelved 9,867 9,867 Grants HAF granl Local Area Nthork grant Govemmenl grant Income 28,565 26,565 189,191 86.715 225,906 other trxdÉng activitles Unreslrlcted Total Funds Unrè8trSot8d Total Funds Funds 2023 Funds 2022 Events & Facillties Income 20,571 20.571 20,807 20.807 Final Aceounts 13
Foundry Community Church Ltd. Company Llmlted by Guarant88 Notes to the Financial Statements l¢onttnued) Year ended 31 December 2023 other income Unrèstricted Total Funds Unre51ricted Total Funds Funds 2023 Funds 2022 Tuck Shop Fee Income 1,018 2,070 1,018 2,070 828 3,120 3.948 828 3,120 3,088 3.088 3,948 Costs of ralslng donatlons and 18gacl•s Unrestricted Total Funds Unreslrlcted Total FUNIS Funds 2023 FurKIs 2022 Ev8nts & Facllltlgs Foundry Shop 25,735 882 25,735 882 26.617 26,617 Expondlture on charltablè actlv5ties by fund type Unreslricled FurHIs RgStrSctad Total Fund¥ Funds 2023 Dlrecl charllable activities Support costs 153.348 3.284 152,348 3,284 156,632 156,632 Unrastrlcled Funds Reslricled Total Funds Funds 2022 Direct charitablg activities Support costs 150,545 3,222 153,767 36.715 187.260 3,222 190.482 36,715 10. Expenditure on ¢harltable a¢tlvltlos by a¢tlvlty type Activities undertaken direclly Support Total fund$ 2023 Total fund 2022 Direct chatable acllvilies Guvemance ¢osts 153,348 153,348 3.284 187.260 3,222 19D,482 3,284 153,348 3,284 156.632 Final Accounts 14
Foundry Community Church Ltd. Company Llmited by Guarantee Notes to the Financial Stalements ic0(• Year ended 31 December 2023 11. Nat Incomellèxp•nditur&) Net Sncomellèxpendilurel Is staled 8ft8r charglngllcrediling1.. 2023 2022 D8predalion of langlble fixed assets 965 1,286 12. Indepèndènt oxamlrkation f8&s 2023 2022 Fees pay8ble lo the indopendenl examin8r for. Independent examinallon ofthtr financial ststements 2.050 2,208 13. Staff costs Thè total staff costs and employée bonefits for th9 reporlng period are analysed as follows.. 2023 2022 Wages and salaries ladlusted for £10,000 donallonl Employer conlrfbullons to Pgnslon plans 76,400 3,535 110,608 2.401 79,935 113,009 The average head count of employees during the year wa8 412022: 51. The average numbgr of full-lime equ1vAlènl employees durlng the yèar18 analysed as fdlows.. 2023 2022 No. No. NumbeT of stsff Nf) employee r8cpivgd employee b8nefils of more than £60,000 during the y8ar12022- Nill. 14. Trusta• remuneratlon ond expensos The figure for wages and salaries 8hown In the financial $18t8ments include5 Iiusteès remunetauon as foSlows'. steven Greenow Lols T8vlner 32,117 28.901 Total 61.018 Flnal Accounts 15
Foundry Community Church Ltd. Company Llmited by Guarantee Notes to the Financial Statements (contlnv8(9 Year ended 31 December 2023 15. Tanglblo fixed a8s0ts Freehold Flxlures and property fittlngs Equipmenl Total Cost At 1 January 2023 and 31 Dg¢6mber 2023 650,062 4,453 11,809 666,324 Depreciation Al 1 January 2023 Charge for th& yaar At 31 December 2023 3.396 264 9,007 701 12,403 965 3,660 9,708 13,368 Carrylng amount At 31 Docombor 2023 650,062 793 2,102 2,802 652,956 Al 31 D9¢émber 2022 650.062 1,057 653.921 16. Dobtors 2023 2022 Trade debtors Othèr debtors 1.453 618 1,453 618 17. Credltors: amounts falllng due wlthln one ygar 2023 2022 Accruals and deferred Income S¢xial security and other taxes 3,359 1,585 3,309 3,253 4,944 6,562 18. Penslons and other post r•tlrement bgneflts Defined contrlbutlon plans The amount recognistsd in ineome or expendltura as an expen89 In relation lo d8flned conlrfbulion plans was £3,53512022.. £2,401). 19. Govemment grants The amounts rocognised In the flnanclal statements for government grants are a8 follows: 2023 2022 Recognised in income from donauons and legacles.. Government grants Income Flnal Accounts 16
Foundry Community Church Ltd. Company Llmited by Guarantèè Notes to the Flnanclal Stslements icontlnu8dJ Year ended 31 December 2023 20. Analysls of charltable funds Unrestrlctsd funds At 1 January 20 23 At 3q December 2023 Income Expendllure Transfers General funds 745,831 194,371 1156,632) 783.570 At 1 January 20 22 Al 31 Decernbei 2022 Income Expendllure Transfers Generdl funds 712.269 213.946 1180,384} 745.831 R8strlcted funds At 31 December 2023 l January 20 23 Income Expendtiur& Transfers Restricted Funds At 1 January 20 22 31 Dernber 2022 Income Expendliyre Trarksfers Restricted Funds 36,715 136.7151 FinAI Aeeounts 17
Foundry Community Church Ltd. Company Llmited by Guaran188 Notes to the Flnancial Statomenls i¢ondnuodJ Year ended 31 December 2023 21. Analysls of not assets bètween funds Unreslrlcled Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 ye8r Net assets 652,956 135,558 14,9441 783,570 652.956 135,558 14,9441 783,570 Unroslrlcled Total Funds Funds 2022 T8nglbl8 fixed assets Current assets Crèdltors less than 1 year Net a56et¥ 653.921 98,472 16,5621 745,831 853,921 98.472 16,5621 745.831 22. Flnanclal In#trum•nts The charty curr8ntly holds no fanCIal Instruments. 23. Related partlès Two ol the truslè8s were pald in thgir roles as employèes of the charlty with their salarias totalllng £51,018. The company rgcgived £50,000 donations and £6.250 in rospeci ol office hire during the year from a connected charity, Penlecoslal R8sldences Charity Icharity numbèr 10023961. Flnal Accounts 18
Foundry Community Church Ltd. Company Llmlt8d by Guarantee Management Infomiation Year ended 31 December 2023 The ftsllowlng pages do not lomi part of the financlal statsments. Flnal Accounts 19
Foundry Community Church Ltd. Company Limlted by Guarantae Detailed Statement of Financlal Actlvltles Year ended 31 Decembèr 2023 2023 2022 Ineome and èndowments Donatlons and leg?cle$ GeneTal Fund Offerings Income from PRC Legaci85 and Donations Gift ald tax receivèd HAF grant PRC Donauon Internship inwme 93,574 8.250 120.513 6.000 12,961 9,867 26,565 50,000 16,66e 3,722 50.000 50D 170,712 225,906 other tradlng actlvS1198 Events & Facllilies Incorne 20,571 20.807 oth•r Incorng Tuck Shop Fee Income 1,018 2,070 828 3.120 3,088 3,948 Total Inme 194,371 250,661 Flnal Accounts 20
Foundry Community Church Ltd. Company Llmlted by Guarantee Detailed Statement of Financlal Aclivities (conllnu8d) Year ended 31 December 2023 2023 2022 Expendllure osts of ralslng donatlons and l•gacles Wages and salari8S Repal¥s and malnlenanc Insurance Legal and professional fees Other office costs Gifts Rent, ratss, Ilght & h881 Sundry expenditure Catering Supplles 10,671 714 745 15,449 1,360 659 76 3,260 590 1,770 1,691 107 1,655 3.385 77 343 1.723 1.550 19,337 26.617 Expenditur• on charltable actfvitiès Wag9s and salarigs Pension costs Liqhl and heal Rèpairs 8nd malnlenance Insurance Other motorllravel costs Legal and prc¥fessional fees relephone Other offic8 costs 65.729 3,535 14,314 3,123 6,752 734 6,666 879 11,450 95,159 2,401 14,237 5,951 5,976 235 6,625 904 11.027 [ !] Depreciation Bank charges Glfts Rates, light & heal Sundry expendlture A¢commodalion Catsring Supplies ALlvertislng & marketing 965 704 1,873 569 491 1,286 623 12,885 2,941 482 2,700 13.012 14,038 6,561 13.15L) 137.295 190,482 Total expenditure 156.632 217,099 Net Incomel{expendltur•l 37.739 33,562 Flnal Accounts 21
Foundry Community Church Ltd. Cornpany Limlted by Guarantee Notes to tho Detailed Statement of Financlal Actlvltles Year ended 31 December 2023 2023 2022 Costs of raislng donatlons and legacies Events & Faellltlès Wagas and salaries Repairs and malntenance Insurance Legal and prolessional fees Other office costs Gifts Rent. rates, Ilght & h8at Sundry expendlture Catering Supplles Costs of raising donations and18gacies 10.671 714 745 76 3,385 77 343 1,723 54 1,550 15,449 1,360 659 76 3.260 590 1,770 1,691 107 1,655 26,817 19,337 Flnal Accounts
Foundry Community Church Ltd. Company Limited by Guarantee Notes to the Detalled Statement of Flnancial Activities {¢gnUnued) Year ended 31 December 2023 2023 2022 Expèndlturo on charltable actlvltlès Direct charltablg aetlvltles Actlvltlas undertalren dlrgcuy Wages and salaries Pen510n costs Light and heat Repairs & maintenanc& Insurancé Other molorllravel wsts Logal and prof8sslonal fees Telephone Other office costs D&precialion Bank charges Gifts Ratgs. Ilght & heal Sundry ExpendSlure Accommodation Catering Supplles AdvortisSng & marketing 65,729 3.535 14,314 3,123 6.752 734 3.382 87g 11,450 965 704 1,673 569 491 95.159 2,401 14,237 5,951 5,976 235 3,403 904 11.027 1,286 623 12.885 2,941 482 2,700 13,012 14,038 6.561 13,15 134.011 187,260 Govarnance Gosis Accountancy toes 3.284 3,222 Expenditurè on eharltable activltle¥ 137.295 190.482 Flnal Accounts 23