Charity Registration No. 1180302
FLOW CHURCH
TRUSTEES' REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FLOW CHURCH
CONTENTS
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Page
Legal and administrative information 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8-11
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Flow Church
Legal and Administrative Information
Charity Number 1180302 Date of Registration 12th October 2018 End of Financial Year 31st December 2023
Trustees
The following Trustees served during the year: Paul Emberton Sarah Harvey James McKean Rakesh Kumar Banga (Resigned) Samual Phillips (Appointed) Mark Rattansingh (Appointed)
Governing Document Constitution of a Charitable Incorporated Organisation Dated 8th October 2018
Charitable Objects:
The objective of the CIO is, for the public benefit, the advancement of the Christian faith in Surrey and such other parts of the United Kingdom and the world as the Charity Trustees may from time to time decide.
Principle Address & Registered Office
23 Kings Quarter London Road Binfield Brachnell Berkshire RG42 4FG
Bankers
Barclays Bank UK Plc
Independent Examiner
Michael Homer AFA MIPA MCH Accountants Ltd 68 Charlton Road Andover Hampshire SP10 3JN
1
Trustees’ Annual Report for the period
From 1st Jan 2023 To 31 Dec 2023
Charity name: Flow Church
Charity registration number: 1180302
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The advancement of the Christian Faith in Surrey and the UK and the world as trustees may from time to time decide |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Running and organising of Sunday services and community activities. Running an online Friday night meeting. Pastoral care and council for members. Missions work, including organised trips. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In setting objectives and planning activities, the Trustees have given due consideration to the guidance published by the Charity Commission relating to public benefit |
Additional information (optional)
| SORP reference | ||
|---|---|---|
| Policyongrant making | Para 1.38 | Currently do not have one |
| Policy on social investment including program related investment |
Para 1.38 | Currently do not have one |
| Contribution made by volunteers | Para 1.38 | Running of Friday night online meeting; Sunday services; |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Flow Church runs 2 locations in Surrey area to help expand the Flow Charity and provide better care for people nearer there home. Flow Church organised over 5 European mission trips with over 20 individuals going on at least one of those trips. The trips helped local churches provide care for refugees, gypsy communities, Church congregations and youth. Flow ran equipping and educational events around the beliefs and practices of the Christian Faith. |
2
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Current Income: £100,873 Current Expenditure: 113,486 |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 |
To hold 3 months of expenditure |
| Amount of reserves held | Para 1.22 | £7,948 |
| Reasons for holding zero reserves | Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Donations from church members |
|---|---|---|
| Investment policy and objectives including any |
Para 1.46 | Not relevant |
| social investment policy adopted | ||
| A description of the principal risks facing the charity |
Para 1.46 | Financial status gets discussed at every Trustee meeting. Current risks are rising cost of living affecting the people |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: | ||
|---|---|---|
| Type of governing document(trust deed, royal charter) |
Para 1.25 | Constitution of CIO |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are selected and elected according to the provisions set out in the constitution document |
3
Additional information (optional)
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | No policy in place yet |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | Kerith Church is the Church we were planted from. We have a good relationship with them and they support us with advice and support when |
| Relationship with any related parties |
Para 1.51 | The trustees and leadership team are supported by an external body , made up of three members who are experienced in giving advice on charity governance and ministry oversight within churches |
Declarations
The trustees declare that they have approved the trustees’ report above.
Signature(s) Full name(s) James Andrew Mckean Position (eg Secretary, Chair of Trustees Chair) Date 01/11/2024
4
Flow Church
Independent Examiner's Report
I report to the charity trustees on my examination of the accounts of the Charitable Incorporated Organisation for the year ended 31 December 2023
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
• the accounts do not accord with those records; or
-
the accounts did 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 accounts to be reached.
Mr Michael Homer AFA MIPA
Independent Examiner for and on behalf of MCH Accountants Ltd 68 Charlton Road Andover Hampshire SP10 3JN
Dated: 30th October 2024
5
Flow Church
Statement of Financial Activities for the year ended 31st December 2023 (Including income and expenditure account)
| Notes Income from: Donations and gifts 5a Charitable Activities 5b Total Income Expenditure on: Charitable Activities 6 Total Expenditure Net incoming/(outgoing) resources for the year Total Funds brought forward at 1 January 2023 Total Funds carried forward at 31 Dec 2023 |
£ 100,846 28 100,874 113,486 113,486 12,612 - 21,167 8,555 Unrestricted Funds |
£ - - - - - - - - Restricted Funds |
Total 2023 £ 100,846 28 100,874 113,486 113,486 12,612 - 21,167 8,555 |
Total 2022 £ 116,778 3 |
|---|---|---|---|---|
| 116,781 | ||||
| 117,706 | ||||
| 117,706 | ||||
| 925 - 22,092 |
||||
| 21,167 |
All the church's operations are classed as continuing.
There are no recognised gains or losses other than those reported on the Statement of Financial Activities.
The notes on pages 9 to 12 form part of these financial statements.
6
Flow Church Charity Registration No. 1180302
Balance Sheet as at 31st December 2023
| Notes Non Current Assets Tangible Fixed Assets 3 Other Assets 4 Current Assets: Debtors and Prepayments 8 Cash at bank and in hand Total Current Assets Current Liabilities: 9 Net Current Assets Total Net Assets Income Funds General Fund Restricted Funds 7 Total Funds 12 Creditors: amounts falling due within one year |
2023 £ 607 - 607 6,513 4,282 10,795 2,847 - 7,948 8,555 8,555 - 8,555 |
2022 £ 1,515 - |
|---|---|---|
| 1,515 | ||
| 20,112 855 |
||
| 20,967 | ||
| 1,315 - |
||
| 19,652 | ||
| 21,167 | ||
| 21,167 - |
||
| 21,167 |
The notes on pages 9 to 12 form part of these financial statements.
Approved by the Trustees on the
Signed on their behalf by
Trustee
7
Flow Church
Notes to the Financial Statements for the year ended 31st December 2023
1. Accounting Policies
Basis of Preparation
The financial statements have been prepared in accordance with 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 2022) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Flow Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income
Income is recorded on the Statement of Financial Activities (SOFA) when it becomes probable the charity will receive the income, the charity becomes entitled to the income and the amount of income due to be received can be measured
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to that category. They include irrecoverable VAT. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to discharge them.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates to write off the cost less estimated residual value of each asset over its expected useful life as follows:
All Equipment 25% straight Line
Assets costing less than £1000 are expended within the SOFA.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short and medium term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.
Pensions
The charity offers a defined contribution pension to all eligible staff and, at the Trustees' discretion, to other paid staff. At the year end there were contributions of £333 outstanding.
Funds
General funds are unrestricted funds which are available for use at the discretion of the directors in furtherance of the general objectives of the charity and which have not been designated for any other purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. Cash Flow
Under section 7 of FRS102 in relation to the Cash Flow statement, exemption has been claimed on the basis that Flow Church is a small charity.
8
Flow Church
Notes to the Financial Statements for the year ended 31st December 2023 (continued)
3. Tangible Fixed Assets
| 3. Tangible Fixed Assets Cost 1st January 2023 Additions Cost at 31st December 2023 Depreciation 1st January 2023 Charge for year Depreciation at 31st December 2023 Net book value 31st December 2023 Net book value 31st December 2022 |
Equipment £ 3,630 - |
| 3,630 | |
| 2,115 908 |
|
| 3,023 | |
| 607 | |
| 1,515 |
4. Other Assets
None
| 5. Income a) Voluntary Income Gift Aided Donations Gift Aid Tax Refund Other Donations b) Charitable Activities Mission Trip Activities and Events Other Income Total Income |
Unrestricted Funds £ 67,278 15,578 17,990 100,846 - - 28 28 100,874 |
Restricted Funds £ - - - - - - - - - |
Total 2023 £ 67,278 15,578 17,990 100,846 - - 28 28 100,874 |
Total 2022 £ 75,672 17,299 23,807 |
|---|---|---|---|---|
| 116,778 | ||||
| - - 3 |
||||
| 3 | ||||
| 116,781 |
Of the £116,781 total income for the year to 31 December 2022, £116,781 was unrestricted
9
Flow Church
Notes to the Financial Statements for the year ended 31st December 2023 (continued)
| 6. Expenditure Unrestricted Funds Charitable Activities: £ Misssion & Events 7,411 Youth and Children - Sunday Meetings 3,477 Rent & Repairs 37,490 Office & Administration 6,409 Salaries & Expenses 57,659 Accountant Fees 1,040 Total Expenditure: 113,486 Support Costs included in the above consist of: Salaries 5,766 Office and Administration 6,409 Governance Costs 1,040 Total 13,215 |
Restricted Funds £ - - - - - - - - - - - - |
Total 2023 £ 7,411 - 3,477 37,490 6,409 57,659 1,040 113,486 5,766 6,409 1,040 13,215 |
Total 2022 £ 11,993 - 2,978 39,134 8,506 54,088 1,007 |
|---|---|---|---|
| 117,706 | |||
| 5,409 8,506 1,007 |
|||
| 14,922 |
Support costs include 10% of total staffing costs
Governance costs in 2022 and 2023 consist entirely of fees due to the independent examiner in respect of examination services.
| 7. Restricted Funds None Total |
Balance at 31-Dec-22 £ - - |
Income £ - - |
Expenditure £ - - |
Balance at 31-Dec-23 £ - |
|---|---|---|---|---|
| - |
The Restricted Funds are wholly represented by the charity's cash reserves.
Restricted Funds are held for the following purposes: None
| 8. Debtors and Prepayments Gift Aid Recoverable Rental Deposit Total 9. Creditors and Accruals: amounts due within one year Creditors Independent Examiner's Fees Pensions payable Total |
2023 £ 3,677 2,836 6,513 2023 £ 1,474 1,040 333 2,847 |
2022 £ 1,748 18,364 |
|---|---|---|
| 20,112 | ||
| 2023 £ - 1,007 308 |
||
| 1,315 |
10
Flow Church
Notes to the Financial Statements for the year ended 31st December 2023 (continued)
10. Staff Costs
The Charity employed two members of staff (2022: two) during the year. The costs were:
| Gross Salaries & Employers NIC Employers Pension Contributions Total 2022 Note: Gross Salary and Employers Pension split restated There are no employees with emoluments over £60,000 |
2023 £ 51,667 2,583 54,250 |
2022 £ 50,000 2,500 |
|---|---|---|
| 53,570 | ||
11. Trustees and related parties
Mr Stephen Parker Resigned at the start of the financial year and there are no related party transactions
12. Net Assets between Funds
| Fund balances at 31 December 2023 are represented by: Non Current Assets Current Assets Current Liabilities Total Fund balances at 31 December 2022 are represented by: Fixed Assets Current Assets Current Liabilities Total |
Unrestricted funds £ 607 10,794 2,846 - 8,555 Unrestricted funds £ 1,515 20,968 1,315 - 21,168 |
Restricted funds £ - - - - Restricted funds £ - - - - |
Total 2023 £ 607 10,794 2,846 - |
|---|---|---|---|
| 8,555 | |||
| Total 2022 £ 1,515 20,968 1,315 - |
|||
| 21,168 |
13. Operating Leases
The lease for the light Industrial Unit at Chertsey Industrial Park was teminated in September 2023
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