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2023-03-31-accounts

POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

ANNUAL REPORT

AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

CHARITABLE INCORPORATED ORGANISATION

No: 1178734

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Page
Legal and Administrative Information 3
Trustees' Report 4 to6
Independent Examiner's Report on the Accounts 7
Statement of Receipts and Payments 8
Statement of Assets and Liabilities 9
Notes to the Financial Statements 10to 12

POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CIO NUMBER 1178734 WORKING NAMES Potter’s House Community Church Bolton START OF FINANCIAL YEAR 01 April 2022 END OF FINANCIAL YEAR 31 March 2023 TRUSTEES AT 31 MARCH 2023 Tapiwa Favour Imade Clive Zimheni

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT Constitution adopted June 2018 REGISTRATION DATE 11 June 2018

OBJECTS

The objects of the charity are: (1) to advance the Christian faith, in accordance with the Statement of Faith appended to the Consitution, in the United Kingdom and such other parts of the world as the Church Council may from time to time think fit; (2) the relief of poverty and sickness and to relieve the distress caused thereby regardless of nationality, religious, political or other opinion in the United Kingdom and such other parts of the world as the Church Council may from time to time think fit; and (3) such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Church.

CORRESPONDENCE ADDRESS 79 Brownlow Road Horwich Bolton BL6 7DR PRIMARY BANKERS Barclays Bank plc 1 North End Croydon CR9 1SX INDEPENDENT EXAMINER Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2023

The trustees of the charity, Potter’s House Christian Fellowship UK Bolton Church, also known as Potter’s House Community Church Bolton, present their report with the financial statements of the charity for the year ended 31 March 2023.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.

The last financial year was a fruitful year for the Potter’s House Community Church Bolton. It was a year of stability and growth as the church continued to pursue its vision and mission of “Making Jesus Famous in all the World.”

Church Health: Our vision for the year was “Discovering My Purpose”. We encouraged and led the church on a journey to discovering their purpose in God. Individuals were inspired to invest time, talent, and treasure in their relationship with God and their neighbors. As a church we held home groups centered around the “Purpose Driven Life” book. This really helped the church get connected to one another as individuals and it created an atmosphere of unity and togetherness; most importantly to God. Because of this unity, we were able to achieve some of the things we achieved in this last financial year.

Evangelism: As a church we were able to host more than 8 community events in Bolton. We had concerts, park events, sports tournaments and even debates at the local University. Our annual Easter Egg hunt attracted over 450 children along with their families. With this we were able to bring a wide variety of community groups together and we were able to get them connected. These events were held free of charge and they were a great success. This was only possible through the generosity of the church members.

The "Men’s Addiction Recovery Group" and the “Compassionate Food Bank” launched in 2021 continue to grow and bring the much needed relief to those struggling with their finances and/or addictions.

World Evangelism: The church continues to be involved in world evangelism. Last year we were able to invite several international Pastor to speak in our revival meetings. The church was able to send a team to Zimbabwe and Portugal. While in Zimbabwe the Bolton church was able to help some of the churches purchase generators and install lighting in their church buildings. The churches had been meeting in buildings with no lighting and evening services were a challenge for the church. This really encouraged the church to see that their reach was not only locally or nationally, but globally. In Portugal the church was able to reach people and serve the new church in Banheira Lisbon. The church has also continued sending teams to help other churches in and round the country.

Building: Things had begun to be a lot more stable for the church, after the Covid ups and downs of 2020-2021. However, in August we received the unfortunate news that the church would not be able to renew its lease and a termination notice had been sent to the church. The landlord had discovered some structural issues with a part of the building connected to the church. So, in the last quarter of the year we started looking for a new building to hold our service and various groups. In October we found a building and made an offer to purchase the building and our offer was accepted. This was A breakthrough moment for the church as the building is in a prime location and gives the church a place to continue the amazing work it has been doing in the local community.

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

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

Church Growth: The church has grown both spiritual and numerically. There is a great sense of community, desire to serve each other and drive to fulfil its God given purpose to make Jesus famous and reach the world for him amongst the congregation. The church has attracted many new people and we have had a large increase in families attending the church.

Financial Review: Total incoming resources for the period were £154,450 in unrestricted funds. Total expenditure for the period was £100,211 of unrestricted funds. A full review of the financial position of the charity can be found on the attached financial statements.

Reserves Policy: As of 31 March 2023, the charity had free reserves of £93,236 these were set aside to aid expansion as the charity continues to fulfil its charitable objectives .

Going Concern : After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

In conclusion, the Trustees are delighted with another year of growth and the favour of God upon the church. We look forward to another year of growth and impact in our community and the world beyond.

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

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

Responsibiities of Trustees

Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to;

The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:-

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.

21/06/2023 Approved by the Trustees on….....................................

Signed on their behalf by Trustee ….............................. Printed Name: Favour Imade

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023

Report to the trustees/ members of Potters House Christian Fellowship UK Bolton Church on the accounts for the year ended 31st March 2023.

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

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. 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 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

Date: 22nd June 2023

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Notes
RECEIPTS
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
TOTAL RECEIPTS
Costs of Charitable Activities
4
TOTAL PAYMENTS
NET INCOMING/(OUTGOING) RESOURCES
5
Balances Brought Forward
BALANCES CARRIED FORWARD
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022/23
2021/22
£
£
£
£
144,114
-
144,114
73,883
-
-
-
-
10,337
-
10,337
8,932
154,450
-
154,450
82,815
100,211
-
100,211
64,910
100,211
-
100,211
64,910
54,239
-
54,239
17,905
-
-
-
-
54,239
-
54,239
17,905
38,997
-
38,997
21,092
93,236
-
93,236
38,997

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on pages 9 to 12

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31ST MARCH 2023

Unrestricted
Restricted		 Total Total
ASSETS Fund
Fund		 31-Mar-23 31-Mar-22
£
£		 £ £
Cash Funds:
Current Account 3,097 - 3,097 1,776
Pledge Account 138 - 138 6,207
Savings Account 90,001 - 90,001 31,014
93,236 - 93,236 38,997
Represented by:
General Funds 93,236 - 93,236 38,997
Restricted Funds - - - -
93,236 - 93,236 38,997
Assets retained for the Charity's own use:
Equipment & Furnishings 14,033 - 14,033 14,033
14,033 - 14,033 14,033
Liabilities
Independent Examiner's Fee 810 - 810 780
810 - 810 780
TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS

Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have prepared a Receipts and Payments Account and Statement of Assets and Liabilities which are set out on pages:9 to 12 .

Approved by the Trustees on ….................................... 21/06/2023 Signed on their behalf by Trustee …..............................

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

3. RECEIPTS

3. RECEIPTS
Note
a) Voluntary Receipts
Offerings and Donations
Gift Aid Tax recovered
b) Investment Income
Interest Received
c) Incoming from Charitable Activities
World Evangelism Offering
Revival Offerings
Love Offerings
Sundry Income		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022/23
2021/22
£
£
£
£
117,624
-
117,624
60,034
26,490
-
26,490
13,849
144,114
-
144,114
73,883
-
-
-
-
-
-
-
-
2,174
-
2,174
796
-
-
-
964
6,979
-
6,979
6,668
1,184
-
1,184
504
10,337
-
10,337
8,932

This page does not form part of the statutory financial statements

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023

4. PAYMENTS
Note
Costs of Charitable Activities
Benevolence
Building Expenses
Church Rent
Church Utilities
Conference
Equipment Purchases
Fellowship Tithe
Revival Expenses
Subscriptions
Travel Expenses
Sundry Payments
World Evangelism
Salaries
Hospitality
Hotel Expenses
Impact Team
Insurance
Local Outreach
Love Offering
Operating Expenses
Printing and Advertising
Governance costs:-
Independent Examiner Fee		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022/23
2021/22
£
£
£
£
602
-
602
610
2,299
-
2,299
2,723
13,919
-
13,919
13,884
4,961
-
4,961
5,560
-
-
-
793
4,450
-
4,450
3,481
9,993
-
9,993
6,843
2,186
-
2,186
1,655
323
-
323
68
3,427
-
3,427
2,914
-
-
-
471
3,513
-
3,513
1,641
10,825
-
10,825
7,860
2,752
-
2,752
3,445
802
-
802
1,350
6,378
-
6,378
5,283
1,733
-
1,733
1,218
6,048
-
6,048
2,505
12,153
-
12,153
1,886
10,568
-
10,568
-
2,500
-
2,500
-
780
-
780
720
100,211
-
100,211
64,910

This page does not form part of the statutory financial statements

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POTTERS HOUSE CHRISTIAN FELLOWSHIP UK BOLTON CHURCH

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

5. RESTRICTED FUNDS

The Charity held no Restricted Funds during this or the previous financial period.

6. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Employer's Pension Contributions		 TOTAL
2022/23
£
2,500
-
-
2,500		 TOTAL
2021/22
£
-
-
-
-

Average number of employees who were engaged in each of the following activities:

TOTAL TOTAL
2022/23 2021/22
Charitable Activities 1 -

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments (2021/22- None)

7. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period, other than reimbursement for items directly relating to the work of the church.

No material transaction took place between the organisation and a trustee or any person connected with them.

8. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

9. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

10. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

This page does not form part of the statutory financial statements

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