THE CROWDED HOUSE COLLECTIVE ACCOUNTS AND ANNUAL REPORT FOR THE YEAR TO 31 MARCH 2024
CHARITY NO: 1187108
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR Tel: 01509 214163
THE CROWDED HOUSE COLLECTIVE
FOR THE YEAR ENDED 31 MARCH 2024
| Contents | Page |
|---|---|
| Report of the Trustees | 1- 2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 - 10 |
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THE CROWDED HOUSE COLLECTIVE
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
CHARITY NAME The Crowded House Collective CHARITY NUMBER 1187108 PRINCIPAL OFFICE 215 Sharrow Vale Road Sheffield S11 8ZB
The trustees serving during the year were as follows:
Mrs L E Johnston (Chair) I Gregory (until July 2023) Dr M Savage (until July 2023) Mr T J Bridge Mrs R M Backhouse Rev D S D Elliott Mr R F Spink (from July 2023) INDEPENDENT EXAMINERS Cound & Co LLP 1 Princes Court Royal Way Loughborough Leics LE11 5XR
STRUCTURE, GOVERNANCE AND MANAGEMENT
The CIO is constituted under a deed of declaration dated 20th December 2019. It is governed by 5 trustees who meet together formally quarterly and at other times as required. The trustees sign off the budget and the annual accounts and return. They receive a quarterly summary of the finances for review and all trustees have access to the monthly financial status reports. The trustees ensure that all appropriate insurances are in place and that our Health and Safety, Employment and Safeguarding procedures comply with all the relevant legislation.
OBJECTIVES
The objectives of the Church are:
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1) the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Sheffield and the surrounding neighbourhood; and
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2) such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life;
When planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion.
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THE CROWDED HOUSE COLLECTIVE
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE
We are a local church who hold weekly Sunday morning meetings for our members and any of the general public who would like to attend, including separate age-appropriate bible teaching for primary-school aged children. We livestream these meetings to allow those who cannot attend in person to participate. Midweek prayer meetings and small group meetings are also held in the church building and in members’ homes.
We run a weekly playgroup at our church building for families with pre-school children, which continues to be wellattended by local families. This provides a friendly welcome and play opportunities for pre-school children, as well as the opportunity to hear a bible story each week. We also run a weekly youth group for secondary school aged children in partnership with another Sheffield church. Many of the young people attended the youth group weekend away in the Peak District in March 2024, with a variety of activities and bible teaching.
We were thankful to be able to host a holiday bible club in August 2023 which was attended by around 50 children in total, who enjoyed a week of fun activities and bible teaching on the theme of ‘Who is Jesus?’
In April 2023 we ran a teaching series on the theme of Evangelism including visits from several visiting speakers. A number of married couples from our congregation were also able to attend a marriage retreat organised in partnership with Union church in February 2024.
We were pleased to have our proposed new Constitution and Church Handbook approved by the Charity Commission in July 2023, and have changed our structure from a Foundation to an Association CIO. The elders and trustees believe that these changes will allow greater involvement by the congregation in decisions and help us to better achieve our purposes by stating clearly how the charity will be run.
Malcolm Savage stepped down as an elder and Ian Gregory as a trustee in July 2023. We are very thankful to them both for their service. After a period of consultation with our members we were delighted to appoint Abi Ireson as a parttime Children and Families Worker in September 2023.
FINANCIAL REVIEW
INCOME
The majority of the funds come from regular donors and we claim gift aid when the donor is a UK tax payer. The CIO owns a residential property near to the church property and this is rented out to provide further income.
EXPENDITURE
CIO funds are used to pay for the salaries of our staff, the costs associated with owning and using property and other expenses related to running the activities of the church. We also support a number of missionaries who work overseas in areas including bible translation.
RESERVE POLICY
The trustees monitor the financial position of the church on a regular basis and have agreed that the equivalent of three month's expenses should be held in reserve.
9 September 2024
……………………………………. Laura Johnston (Chair)
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THE CROWDED HOUSE COLLECTIVE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on page 4 to 10.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts 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 accounts to be reached.
D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
9 September 2024
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THE CROWDED HOUSE COLLECTIVE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
| INCOME Donations & Legacies Other Income Investment Income TOTAL INCOME EXPENDITURE Expenditure on Charitable Activities Expenditure on Investment Activities TOTAL EXPENDITURE NET INCOME TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Funds Funds Notes 2024 2024 2 112520 - 3 3239 - 4 19791 - __ _ 135550 - 5 122645 - 6 3951 - 126596 - 8954 - - - 8954 - 480558 38995 489512 38995 ___ |
Total Funds 2024 112520 3239 19791 __ 135550 _ 122645 3951 126596 8954 - 8954 519553 528507 ___ |
Total Funds 2023 110535 1159 11824 __ 123518 ____ |
|---|---|---|---|
| 110672 3218 __ 113890 ____ |
|||
| 9628 - __ 9628 509925 _ 519553 ___ |
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THE CROWDED HOUSE COLLECTIVE
BALANCE SHEET AS AT 31 MARCH 2024
| FIXED ASSETS CURRENT ASSETS Debtors Cash at Bank and in Hand LIABILITIES: Creditors: Amounts falling due within one year NET CURRENT ASSETS TOTAL NET ASSETS THE FUNDS OF THE CHARITY Unrestricted General Funds Restricted Funds TOTAL FUNDS |
Notes 8 9 10 11 11 12 |
2024 402840 20532 106952 __ 127484 _ 1817 __ 125667 __ £528507 _ 489512 38995 £528507 ___ |
2023 401823 19163 101006 __ 120169 _ 2439 __ 117730 __ £519553 _ 480558 38995 £519553 ___ |
|---|---|---|---|
Approved by the trustees on 9 September 2024 and signed on their behalf by:
…………………………………… Laura Johnston (Chair)
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THE CROWDED HOUSE COLLECTIVE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting Policies
a) Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the Charities SORP (FRS 102): ‘Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) (effective 1 October 2019)’ and the Charities Act 2011. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The charity constitutes a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note and the financial statements are prepared on a going concern basis. The financial statements are prepared in sterling, which is the financial currency of the charity and rounded to the nearest £1.
b) Fund Accounting
Undesignated general funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The cost of raising and administering such funds are charged against specific funds. The aim of each restricted fund is set out in the notes to the financial statements.
c) Incoming Resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income after performance conditions have been met, the amount can be measured reasonably and it is probable that the income will be received. No amount is included in the financial statements for volunteer time in line with SORP (FRS102).
d) Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the church to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an “accruals” basis.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled.
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e) Depreciation is charged in such a way as to write off the cost of fixed assets over their estimated useful lives at the following rates:
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Office Equipment - 33 ⅓% straight line basis
Freehold properties are not depreciated but are held at their Fair Values.
f) Pensions
Employees of the Church are entitled to join a defined contribution ‘money purchase’ scheme. The Church’s contribution is restricted to the contributions disclosed in note 7. The costs of the scheme are included within the expenditure on charitable activities.
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THE CROWDED HOUSE COLLECTIVE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2 DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | Total | Total | |
| 2024 | 2024 | 2024 | 2023 | |
| Donations | 91988 | - | 91988 | 91372 |
| Gift Aid | 20532 | - | 20532 | 19163 |
| ______ | _____ | ______ | ______ | |
| £112520 ______ |
£- _____ |
£112520 ______ |
£110535 ______ |
The total amount of donations received from the trustees in the year was £12574 (2023: £19216).
3 INCOME FROM CHARITABLE ACTIVITIES
| Unrestricted Restricted Funds Funds 2024 2024 Other Income 2094 - Youth Group Weekend 1145 - _ _ £3239 £- __ ______ |
Total 2024 2094 1145 __ £3239 ____ |
Total 2023 1159 - __ £1159 ____ |
Total 2023 |
|---|---|---|---|
4 INVESTMENTS
| Unrestricted Restricted Funds Funds 2024 2024 Interest received 4908 - Rent received 14883 - _ _ £19791 £- __ ______ |
Total 2024 4908 14883 __ £19791 ____ |
Total 2023 1793 10031 __ £11824 ____ |
|---|---|---|
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THE CROWDED HOUSE COLLECTIVE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
5 EXPENDITURE ON CHARITABLE ACTIVITIES
| 6 7 |
Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 Grants to Institutions 18114 - 18114 19874 Ministry Expenses 6721 - 6721 4132 Youth Weekend Expenses 1915 - 1915 1430 Outreach Expenses 284 - 284 759 Premises Costs 8880 - 8880 9518 Administration Costs 11478 - 11478 7207 Sundry 55 - 55 452 Wages and Salaries 62599 - 62599 55439 Accountancy Fees 840 - 840 1200 Depreciation 1041 - 1041 727 Professional Fees 7121 - 7121 7944 Training Costs 3597 - 3597 1990 __ £122645 £- £122645 £110672 __ _ EXPENDITURE ON INVESTMENT ACTIVITIES Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 Rental property expenses £3951 £- £3951 £3218 _ _ STAFF COSTS 2024 2023 Wages and salaries 60117 53728 National insurance 4221 4430 Less: Employment Allowance (4221) (4430) Pension Contributions 2482 1711 £62599 £55439 Average number of employees 4 3 ___ |
|---|---|
No employee received remuneration of over £60,000 in the year (2023: none). One of the trustees, Rev D Elliott, received remuneration of £39,686 (2023: £37,440); he received this in his role of Pastor and not as a trustee. The church also paid £2,482 in respect of contributions to a defined contribution pension scheme.
There were no expenses paid to trustees during the year (2023: £nil).
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THE CROWDED HOUSE COLLECTIVE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 8 9 10 |
FIXED ASSETS Tangible Assets Cost (or Valuation) At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the Year At 31 March 2024 Net Book Value At 31 March 2024 Net Book Value At 31 March 2023 DEBTORS– All receivable within one year Trade Debtors Gift aid reclaimable CREDITORS– Amounts falling due within one year PAYE/NIC Creditor Other Creditors Accruals |
Freehold Computer/AV Property Equipment Total 400000 2669 402669 - 2058 2058 _ 400000 4727 404727 _ - 846 846 - 1041 1041 _ - 1887 1887 _ £400000 £2840 £402840 _ £400000 £1823 £401823 _ 2024 2023 - - 20532 19163 __ _ £20532 £19163 2024 2023 706 691 331 308 780 1440 __ _ £1817 £2439 |
|---|---|---|
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THE CROWDED HOUSE COLLECTIVE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 11 | STATEMENT OF FUNDS At 31 March 2023 Income Unrestricted Funds 480558 135550 Restricted Funds 38995 - __ _ Total Funds £519553 £135550 ___ |
Expenditure (126596) - __ (£126596) ____ |
At 31 March Transfers 2024 - 489512 - 38995 _ _ - £528507 ___ |
|---|---|---|---|
Restricted Funds are represented by:
| B/Fwd at 31 March 2023 Manor Gift Day Fund 38995 __ £38995 ____ |
Income - __ £- ____ |
Expenditure - __ £- ____ |
C/Fwd at 31 March Transfers 2024 - 38995 _ _ £- £38995 ___ |
|---|---|---|---|
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| Fund balances at 31 March 2024 are represented by: | |||
| Fixed Assets | 402840 | - | 402840 |
| Current Assets | 88489 | 38995 | 127484 |
| Current Liabilities | (1817) | - | (1817) |
| ______ | ______ | ______ | |
| Total Net Assets | £489512 ______ |
£38995 ______ |
£528507 ______ |
| Fund balances at 31 March 2023 are represented by: | |||
| Fixed Assets | 401823 | - | 401823 |
| Current Assets | 81174 | 38995 | 120169 |
| Current Liabilities | (2439) | - | (2439) |
| ______ | ______ | ______ | |
| Total Net Assets | 480558 ______ |
38995 ______ |
£519553 ______ |