2023-03-31-accounts

Charity Registration No. 1176975 CIO Registration No. CE013128

POOLE CHRISTIAN FELLOWSHIP FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE

POOLE CHRISTIAN FELLOWSHIP

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr G A Jones Dr S J Harris Mr B Lamb Mr C Stuart Mr A Upton

(Appointed 9 March 2023) (Appointed 8 October 2023)

Charity number 1176975 CIO registration number CE013128 Principal address Lagland Street Poole Dorset BH15 1QD Independent examiner Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE

POOLE CHRISTIAN FELLOWSHIP

CONTENTS

	Page
Trustees' report	1 - 2
Independent examiner's report	3
Statement of financial activities	4
Balance sheet	5
Notes to the financial statements	6 - 14
Detailed statement of financial activities	15

POOLE CHRISTIAN FELLOWSHIP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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)".

Objectives and activities

The principle objectives of the trust continue to be the advancement of the Christian faith and the relief of poverty. The activities outlined below were carried out in pursuit of these objectives.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The church continued its program of Sunday morning services, seeing regular attendance return to pre-COVID levels with an average weekly attendance of 86 people of all ages. Other more informal meetings were held throughout the week, using our church building in central Poole and other venues, including members' homes.

After COVID restrictions were lifted, we continued to stream meetings online in order to serve those who were still not able, or comfortable to attend church in person.

A Carol Service was held in December with a focus of inviting people outside the membership of the church and being accessible to as many people as possible. There were around 30 guests attending.

PCF's triennial safeguarding training was excellently delivered by an external provider, and attended by 30 staff and volunteers, whose roles on behalf of the church involve contact with children and vulnerable adults.

The church continued to be active in taking the Christian message to the community through encouraging its partners to engage with the local community. Particular activities included:

• After 11 years, the Christians Against Poverty (CAP) Debt Centre, which the church ran in partnership with other local churches closed at the end of December, when the centre manager retired. In that time, over 100 families became debt-free and almost £1.4million of debt was cleared. The church will continue to work collaboratively with the local foodbank and other agencies. Our joint initiatives have been successful in serving some of the most vulnerable in the local community.

• In December, members of the church provided and distributed Christmas hampers to some of the most needy in the local community.

• A CAP Lifeskills Course was run and open to all. For those who participated it provided new skills, an opportunity to share experience and knowledge with one another and a sense of community-.

• At Easter and Christmas we were invited into a local care home, to take services, (and provide refreshments for) about 20 residents.

• A Children, Youth and Families worker was appointed in March and began working for PCF in August. Groups were run, on Sunday mornings and at other times of the week, attended by those from within th e church and from the wider community.

After being led for three and a half years by a minister working part-time he, and the other trustees agreed that the church's mission would be better served by someone able to fulfil the role full-time. A robust recruitment process led to the appointment in October of a new minister, who began working for the church in February 2023.

Support of Mission

The church continued to support a number of local and international Christian endeavours both financially and in prayer, including an organisation in Uganda providing education and practical support to some of the most needy in the locality. 10% of general income is allocated to support missions.

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POOLE CHRISTIAN FELLOWSHIP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Public Benefit

With the lifting of COVID restrictions the building was again made available to various local groups, including other churches and a local running group. The church seeks to serve the local community in a variety of ways, principally through help with debt, Life Skills and clubs for children and young people.

Achievements and performance

The income of the charity, arising mainly from voluntary giving by the church partners amounted to £124,046 (2022: £110,497).

Financial review

The charity made a deficit in the period of £2,712 (2022: £2,284). At the period end, unrestricted reserves (including designated funds) totalled £126,613 and restricted reserves totalled £30,874.

The Financial Controls Policy was finalised in October 2021. This states that 3 months of running costs should be held in reserve.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is governed in accordance with its trust deed, dated 5 February 2018. The charity is a Charitable Incorporated Organisation (CIO), registered number CE013128. New trustees may be appointed by a simple majority of existing trustees. The trustees continued during the year to delegate the spiritual oversight of the church to the elders Mr Nicholas May, Mr Gerrard Jones, Dr Samuel Harris and Mr Benjamin Lamb.

Mr N A May (Resigned 5 March 2023) Mr G A Jones Dr S J Harris Mr B Lamb Mr C Stuart (Appointed 9 March 2023) Mr A Upton (Appointed 8 October 2023)

The trustees' report was approved by the Board of Trustees.

Mr B Lamb

Trustee Dated: 14 January 2024

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POOLE CHRISTIAN FELLOWSHIP

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POOLE CHRISTIAN FELLOWSHIP

I report to the trustees on my examination of the financial statements of Poole Christian Fellowship (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable 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 that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 financial statements to be reached.

Harrisons Chartered Accountants

4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE

Dated: 14 January 2024

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POOLE CHRISTIAN FELLOWSHIP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income and endowments from: Donations and legacies 3 112,615 8,579 Investments 4 127 - Other income 5 2,725 - Total income 115,467 8,579 Expenditure on: Charitable activities 6 110,581 16,177 Other expenditure 10 - - Total resources expended 110,581 16,177 Net incoming/ (outgoing) resources before transfers 4,886 (7,598) Net incoming/ (outgoing) resources before transfers 4,886 (7,598) Transfers (7,482) 7,482 Net expenditure for the year/ Net movement in funds (2,596) (116) Fund balances at 1 April 2022 129,209 30,990 Fund balances at 31 March 2023 126,613 30,874	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 121,194 95,669 13,568 127 - - 2,725 1,230 30 124,046 96,899 13,598 126,758 91,656 21,047 - 78 - 126,758 91,734 21,047 (2,712) 5,165 (7,449) (2,712) 5,165 (7,449) - (1,322) 1,322 (2,712) 3,843 (6,127) 160,199 125,366 37,117 157,487 129,209 30,990	Total 2022 £ 109,237 - 1,260 110,497 112,703 78 112,781 (2,284) (2,284) - (2,284) 162,483 160,199

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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POOLE CHRISTIAN FELLOWSHIP

BALANCE SHEET

AS AT 31 MARCH 2023

Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 16 Unrestricted funds	2023 £ 9,935 79,316 89,251 4,204	£ 72,440 85,047 157,487 30,874 126,613 157,487	2022 £ 6,542 83,253 89,795 2,720	£ 73,124 87,075
				160,199
				30,990 129,209
				160,199

The financial statements were approved by the trustees on 14 January 2024

Mr B Lamb Trustee

Mr A Upton Trustee

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Poole Christian Fellowship is a charitable incorporated organisation registered in England and Wales.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property not depreciated Equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

• 1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Financial instruments

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10 Disclosure exemptions

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying small charity exemptions.

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 112,615 8,579 Grants receivable - - 112,615 8,579	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 121,194 94,784 13,568 - 885 - 121,194 95,669 13,568	Total 2022 £ 108,352 885
		109,237

Grants receivable includes government grants relating to COVID-19 support.

4 Income from investments

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Interest receivable	127	-

5 Other income

Unrestricted Restricted funds funds 2023 2023 £ £ Rental income 2,725 - Weekend away - - 2,725 -	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 2,725 1,230 - - - 30 2,725 1,230 30	Total 2022 £ 1,230 30
		1,260

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6 Charitable activities

Charitable activities expenses Share of governance costs (see note 7) Analysis by fund Unrestricted funds Restricted funds Support costs allocated to activities Governance costs Analysed between: Accountancy and legal	Church Activities Church Activities	Church Activities Church Activities	Church Activities Church Activities
		2023 £ 123,696 3,062 126,758 110,581 16,177 126,758 2023 £ 3,062 3,062	2022 £ 110,884 1,819
			112,703
			91,656 21,047
			112,703
			2022 £ 1,819
			1,819

• 7 Support costs allocated to activities

8 Trustees

During the year trustees were reimbursed expenses totalling £144 (2022: £328) in respect of accommodation and ministry expenses.

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Employees

	2023	2022
	Number	Number
The average monthly number of employees during the year was:	4	4
Employment costs	2023	2022
	£	£
Wages and salaries	77,560	70,206
Social security costs	1,453	1,139
Other pension costs	4,429	4,048
	83,442	75,393

There were no employees whose annual remuneration was more than £60,000.

10 Other expenditure

Net loss on disposal of tangible fixed assets	Total Unrestricted funds £ 2023 2022 - 78 - 78	Total Unrestricted funds £ 2023 2022 - 78 - 78
		78

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

12 Tangible fixed assets Freehold property Equipment £ £ Cost At 1 April 2022 70,387 5,937 At 31 March 2023 70,387 5,937 Depreciation and impairment At 1 April 2022 - 3,200 Depreciation charged in the year - 684 At 31 March 2023 - 3,884 Carrying amount At 31 March 2023 70,387 2,053 At 31 March 2022 70,387 2,737 13 Debtors 2023 Amounts falling due within one year: £ Other debtors 8,662 Prepayments and accrued income 1,273 9,935 14 Creditors: amounts falling due within one year 2023 £ Accruals and deferred income 4,204	Total £ 76,324
	76,324
	3,200 684
	3,884
	72,440
	73,124
	2022 £ 5,721 821
	6,542
	2022 £ 2,720

15 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £4,429 (2022 - £4,048).

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

		Movement in funds	Movement in funds	Movement in funds
	Balance at	Incoming	Resources	Transfers	Balance at
	1 April 2022	resources	expended		31 March
					2023
	£	£	£	£	£
Building Fund	30,844	-	-	-	30,844
CAP Fund	-	8,109	(15,600)	7,491	-
Acts435	116	470	(577)	(9)	-
Weekend away Fund	30	-	-	-	30
	30,990	8,579	(16,177)	7,482	30,874
		Movement in funds
	Balance at	Incoming	Resources	Transfers	Balance at
	1 April 2021	resources	expended		1 April 2022
	£	£	£	£	£
Building Fund	30,844	-	-	-	30,844
CAP Fund	6,115	12,368	(19,805)	1,322	-
Acts435	158	1,200	(1,242)	-	116
Weekend away Fund	-	30	-	-	30
	37,117	(13,598)	(21,047)	(1,322)	30,990

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

17 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

					Movement in funds	Movement in funds	Movement in funds
				Balance at	Incoming	Resources	Transfers		Balance at
				1 April 2022	resources	expended		31	March 2023
				£	£	£	£		£
	Generosity Fund (previously Missions
	and Gifts)			13,052	10,929	(9,577)	(7,491)		6,913
	Rose Fund			2,500	-	-	9		2,509
				15,552	10,929	(9,577)	(7,482)		9,422
					Movement in funds
				Balance at	Incoming	Resources	Transfers		Balance at
				1 April 2021	resources	expended			1 April 2022
				£	£	£	£		£
	Generosity Fund (previously Missions
	and Gifts)			11,428	10,658	(7,712)	(1,322)		13,052
	Rose Fund			2,500	-	-	-		2,500
				13,928	10,658	7,712	(1,322)		15,552
**18 **	Analysis of net assets between funds
		Unrestricted		Restricted	Total	Unrestricted	Restricted		Total
		funds		funds		funds	funds
		2023		2023	2023	2022	2022		2022
			£	£	£	£	£		£
	Fund balances are represented by:
	Tangible assets	41,596		30,844	72,440	42,280	30,844		73,124
	Current assets/(liabilities)	85,017		30	85,047	86,929	146		87,075
		126,613		30,874	157,487	129,209	30,990		160,199

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POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel, which includes remuneration paid to trustee Mr G A Jones for his services as church minister up to 28th February 2023, is as follows.

	2023	2022
	£	£
Aggregate compensation	20,223	20,962

During the year aggregate donations received from trustees without conditions was £18,220 (2022: £19,015).

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POOLE CHRISTIAN FELLOWSHIP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

Income and endowments Donations and legacies Donations Gift aid Government grants Investments Interest receivable Other income Rental income Weekend away Total income Expenditure Expenditure on charitable activities Activities undertaken directly Wages and salaries Employer's NIC Pension costs Rent Light and heat Insurance Premises costs Telephone Other office costs Depreciation Ministry expenses CAP Other Loss on disposal of assets Governance Accountancy fees Legal and professional fees Total expenditure Net (expenditure)/income	2023 £ 100,221 20,973 - 121,194 127 127 2,725 - 2,725 124,046 77,560 1,453 4,429 8,172 1,014 1,495 2,628 542 2,782 684 20,912 1,908 117 - 123,696 1,362 1,700 3,062 126,758 (2,712)	2022 £ 90,643 17,709 885
		109,237
		-
		-
		1,230 30
		1,260
		110,497
		70,206 1,139 4,048 5,267 1,799 1,423 2,180 552 4,234 912 16,707 2,212 205 78
		110,962
		1,180 639
		1,819
		112,781
		(2,284)

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